XRP Slides 3.14% to $2.23 Despite Nasdaq Listing and New Institutional Partnerships

XRP is currently trading at $2.2356 on Binance, reflecting a 3.14% decline over the past 24 hours from a 24h open of $2.3081. The recent price drop can be attributed to a combination of factors, including ongoing regulatory uncertainty in the U.S. stemming from Ripple's unresolved SEC lawsuit, as well as XRP's continued underperformance relative to major cryptocurrencies like Bitcoin and Ethereum. Despite positive developments such as Nasdaq’s planned inclusion of XRP in its expanded crypto benchmark, new institutional partnerships (e.g., Guggenheim Treasury Services and Ondo Finance leveraging the XRP Ledger), and Ripple CEO Brad Garlinghouse’s optimistic projections about XRPL’s future transaction volume, these have not yet translated into sustained upward price momentum. Market activity remains robust, with significant trading volume and liquidity, but XRP continues to face resistance near the $2.30 level as investors await further clarity on regulatory and adoption fronts.