XRP Drops 3% Amid ETF Approval, Binance Staking Launch, and $210M Ripple Transfer Surge

XRPUSDT experienced a 3.02% decline over the past 24 hours, with the price dropping from 3.6153 to 3.5062. This price movement follows a period of heightened volatility driven by several key developments, including the approval of the ProShares XRP Futures ETF, the launch of Soft Staking for XRP on Binance, and the passage of the GENIUS Act recognizing Ripple’s RLUSD stablecoin as compliant with U.S. regulations. Additional factors influencing recent price action include a significant transfer of over 210 million XRP by Ripple, a price glitch on GateHub, and increased institutional reserves and ecosystem activity after the XRPL EVM Sidechain Mainnet launch. Despite the recent pullback, XRP remains near its all-time high, with a 24-hour trading volume exceeding $8.7 billion and a market capitalization above $205 billion, reflecting sustained market interest and strong liquidity.