XRP Dips 3.45% Amid ETF Delay, Yet Whale Accumulation and Record Activity Signal Resilience

XRPUSDT declined by 3.45% over the past 24 hours, with the price falling from a 24h open of 2.2002 to 2.1243, according to Binance data. The price decrease can be attributed to ongoing market consolidation following a failure to sustain levels above $2.20, despite positive developments such as Ripple’s introduction of the Deep Freeze feature, the launch of the RLUSD stablecoin, and increased institutional activity highlighted by CME Group’s XRP futures reporting $542 million in monthly trading volume. Additionally, the SEC’s postponement of a decision on the Spot XRP ETF application may have contributed to cautious sentiment, limiting immediate upward momentum. Key on-chain metrics show whale selling has halted, with accumulation by large holders and daily active addresses reaching record highs, indicating strong underlying interest and potential for future growth. The current market cap stands at approximately $129.27 billion, with network activity and institutional engagement supporting a stable outlook as XRP consolidates near $2.12.