XRP Slides 2.86% After Ripple-SEC Settlement Denial; Institutional Moves Signal Ongoing Interest

XRPUSDT declined by 2.86% over the past 24 hours, with the price falling from 2.1875 to 2.1249 according to Binance data. The recent price drop is primarily attributed to renewed regulatory uncertainty after Judge Torres denied the Ripple-SEC joint settlement motion on June 6, 2025, which triggered investor caution and intensified selling pressure. Additional downward momentum was driven by a broader crypto market downturn, large-scale liquidations, and notable whale offloading. Despite these factors, XRP remains the third-largest cryptocurrency by market capitalization at approximately $129 billion, with a 24-hour trading volume of $3.53 billion and a price range between $2.10 and $2.17. While XRP is down 35.5% from its January 2025 peak, institutional interest persists, as evidenced by Webus International’s SEC filing for a $300 million XRP treasury reserve and Ripple’s recent 1 billion XRP token unlock.