XRP Holds Strong at $2.21 Amid ETF Uncertainty, $100M Deployment, and SEC Penalty Reduction

XRP is currently trading at $2.2118, reflecting a 24-hour decline of -3.63% from a 24h open of $2.2951, with a 24-hour trading volume of $2.57 billion and a market cap near $131.6 billion, ranking it as the fourth largest cryptocurrency by market cap. The recent price drop is primarily attributed to a broader downturn in the crypto market and a decrease in optimism around imminent SEC approval for an XRP ETF, as prediction market odds for approval fell by 10% ahead of regulatory deadlines. Despite this, institutional activity remains strong, highlighted by VivoPower International’s $100 million XRP deployment on the Flare Network and Ondo Finance’s integration of tokenized U.S. Treasuries on the XRP Ledger, signaling continued adoption. Additional factors supporting market engagement include Ripple’s legal developments, with the SEC penalty reduced to $50 million, and ongoing high transaction volumes and investor interest in related XRP Ledger projects.