XRP Faces Price Dip Amid 1 Billion Token Unlock and SEC ETF Delay Despite CME Futures Launch

XRP is currently trading at $2.3022 with a 24-hour price change of -2.03% and a 24-hour trading volume between $1.83 billion and $1.92 billion, while the market capitalization stands at approximately $134.87 billion. The recent price decline is attributed to increased market supply concerns ahead of Ripple’s upcoming 1 billion XRP unlock, as well as the U.S. SEC’s decision to delay spot XRP ETF applications, which has weighed on market sentiment despite positive developments such as the launch of XRP futures on CME Group, the introduction of the first XRP futures ETF on Nasdaq, and the conclusion of Ripple’s legal case with the SEC.