XRP Holds Strong Institutional Backing Amid 4.15% Drop and Regulatory Uncertainty

XRP is currently trading at $2.2160 on Binance, with a 24-hour trading volume exceeding $2.4 billion, a market capitalization near $135 billion, and a 24-hour price decline of 4.15% from an open of $2.3119. The recent price decrease is primarily attributed to ongoing legal uncertainties surrounding Ripple’s case with the U.S. SEC, including the lack of public statements following the SEC’s latest closed meeting and persistent regulatory ambiguity. Despite this, institutional interest remains strong, highlighted by VivoPower’s $121 million XRP treasury strategy and Hyperscale Data’s $10 million planned acquisition, while developments such as the Dubai Land Department’s real estate tokenization on the XRP Ledger signal continued adoption and use case expansion.