XRP Drops 8% Amid ETF Speculation and Regulatory Shifts—Key Support Levels in Focus After $3 Surge

XRPUSDT experienced a notable decline of 8.14% over the past 24 hours, with the price dropping from an open of 2.9093 to the current level of 2.6725 on Binance. This price movement follows a period of heightened volatility driven by several key developments: ongoing speculation about a potential U.S. spot XRP ETF, recent regulatory clarity after Ripple Labs' settlement with the U.S. SEC, and the launch of Canadian XRP ETFs. While initial optimism around these events contributed to a surge in trading activity and a push toward the $3.00 mark, profit-taking and technical resistance near recent highs appear to have triggered a pullback. Additionally, large whale movements and continued monitoring of support levels have influenced short-term sentiment.

Currently, XRP trades at 2.6725 USDT on Binance, with 24-hour trading volume remaining elevated and market capitalization estimated between $145 billion and $164 billion. The asset maintains a circulating supply of approximately 59 billion XRP, and recent 24-hour price action reflects both strong interest from institutional and retail participants and sensitivity to regulatory and ETF-related news.