XRP Slides 3.49% Amid Regulatory Uncertainty, But Institutional Adoption and Ecosystem Growth Persist

XRP is currently trading at $2.2481 on Binance, reflecting a 3.49% decline from the 24h open of $2.3293. The price drop is primarily attributed to a combination of broader market weakness—where most leading cryptocurrencies saw declines—and specific developments such as a decrease in the perceived odds of XRP ETF approval ahead of key SEC deadlines, as well as ongoing regulatory uncertainty surrounding Ripple. Despite these pressures, XRP maintains high trading volume and liquidity, with recent institutional initiatives such as Ondo Finance’s tokenized U.S. Treasuries fund on the XRP Ledger and strategic partnerships like VivoPower with Flare Network highlighting continued ecosystem growth. However, short-term sentiment remains bearish, with forecasts of further volatility as the market digests both regulatory and macroeconomic factors.