XRP Slides 6.42% as Failed Breakout and Regulatory Uncertainty Weigh on Price Momentum

XRPUSDT declined by 6.42% over the past 24 hours, opening at 2.2560 and currently trading at 2.1111 on Binance. This price drop is primarily attributed to a combination of bearish sentiment following a failed breakout above the key $2.32–$2.35 resistance zone, as well as market caution ahead of upcoming SEC decisions on spot ETF approvals and ongoing regulatory uncertainty surrounding Ripple’s legal case. Despite positive developments such as the approval of XRP futures ETFs and increased institutional access through initiatives like Ondo Finance’s tokenized US Treasuries on the XRP Ledger, these have not offset the prevailing selling pressure. XRP’s 24-hour trading volume remains robust at approximately $2.67 billion, with market capitalization above $237 billion, but technical indicators show weakened momentum and the asset is currently trading near its main support at $2.20, reflecting a cautious, range-bound outlook.