XRP Slides 3.65% Amid SEC ETF Delay and Bearish Pattern, Market Cap Holds Above $129B

XRPUSDT experienced a 3.65% decline over the past 24 hours, with the current Binance price at $2.1252 and a 24-hour open of $2.2058. The price drop is primarily attributed to sustained selling pressure and broader market weakness, as well as the SEC's delay of a decision on the proposed Franklin Templeton XRP ETF to June 2025 and ongoing legal uncertainty surrounding the SEC-Ripple lawsuit. Additional negative sentiment followed a recent 35% decline from XRP’s January 2025 peak, with technical analysis indicating a potential bearish head and shoulders pattern. Market capitalization remains around $129–131 billion, trading volume is high, and XRP holds a 4.92% market dominance, reflecting continued strong interest despite recent volatility.