XRP Slides 2.81% Amid Market Volatility as Institutional Interest and $300M Treasury Raise Shape Outlook

XRPUSDT is currently trading at $2.1686 on Binance, reflecting a 2.81% decline over the past 24 hours. This price decrease is primarily attributed to increased selling pressure and a breakdown below key support levels, coinciding with a 20% drop in trading volume and broader global market volatility. Additional factors influencing sentiment include Webus International Limited’s SEC filing to raise $300 million for XRP treasury management, integration of Ripple’s custody platform by DZ Bank, and ongoing speculation regarding a potential XRP spot ETF approval. Despite the recent decline, XRP maintains a market capitalization of approximately $129.4 billion with a circulating supply of 58.75 billion tokens, and continues to see institutional interest and expansion in payment and custody solutions.