XRP Faces 1.94% Dip as Legal Uncertainty and ETF Speculation Drive $1.97B Trading Volume

XRP is trading at $2.2005 on Binance, down 1.94% over the past 24 hours with a 24h open of $2.2441 and a trading volume near $1.97 billion. The recent price decline is primarily attributed to increased selling pressure, as reported by multiple sources, amid heightened volatility and anticipation surrounding key legal developments. Market sentiment has been influenced by speculation about a potential settlement in the Ripple-SEC case, with important dates approaching (June 13 for a rumored settlement and June 16 for the SEC appeal deadline). Additional positive momentum came from regulatory approval of Ripple’s RLUSD stablecoin in Dubai and institutional interest from Chinese fintech firm Webus, but short-term price action remains driven by legal uncertainty and ETF speculation. Overall, XRP maintains high liquidity and strong market capitalization, with ongoing developments in regulatory clarity and global adoption shaping trading activity.