XRP Hits New All-Time High Amid ETF Launch, Whale Accumulation, and Regulatory Uncertainty

XRPUSDT experienced a 2.10% price decline over the past 24 hours, closing at 3.4056 on Binance. This pullback followed a surge to a new all-time high of $3.65, driven by heightened trading activity, increased open interest in XRP futures, and record whale accumulation. The price reversal coincided with the U.S. SEC concluding a closed-door meeting without a decision on its case against Ripple, maintaining regulatory uncertainty and contributing to short-term volatility. Additional factors influencing sentiment include the launch of the ProShares Ultra XRP ETF (UXRP), legislative progress in the U.S. House on crypto regulation, and institutional developments such as Ripple’s partnership with BNY Mellon and the adoption of ISO 20022 by the Federal Reserve.

Currently, XRP is trading at 3.4056 with a 24-hour trading volume of approximately $11.44 billion and a market capitalization of about $203.84 billion, ranking it as the third-largest cryptocurrency by market cap.