XRP Faces 4.87% Drop as ETF Decision, SEC Case, and Institutional Moves Drive Volatility

XRP is currently trading at $2.1434 with a 24-hour price decline of 4.87% and a 24-hour open of $2.2532, while trading volume remains elevated between $3.8 billion and $6.74 billion and market capitalization stands at approximately $129.11 billion. The recent price drop is primarily attributed to heightened global economic tensions leading to broad market selloffs, as well as increased volatility driven by anticipation of a potential US spot XRP ETF decision, ongoing regulatory developments related to Ripple’s SEC case, and notable institutional treasury activity from companies such as VivoPower and Webus. These factors have intensified trading activity and market focus on maintaining support around the $2.16 level.