XRP Drops 5.71% Amid SEC Lawsuit Uncertainty and Falling ETF Approval Odds Despite $700M Buyback

XRPUSDT experienced a 5.71% decline over the past 24 hours, with the price dropping from 2.2506 to 2.1221 according to Binance data. The price decrease is primarily attributed to heightened regulatory uncertainty as the SEC vs. Ripple lawsuit continues and as the market anticipates critical SEC deadlines on potential XRP ETF approvals, which have seen approval odds fall by 10% recently. Despite positive developments such as Ripple’s $700 million share buyback and the introduction of tokenized U.S. Treasuries on the XRP Ledger, investor sentiment remains cautious, resulting in range-bound trading and subdued momentum. Trading volume remains high at over $3 billion, reflecting ongoing institutional interest and active speculation, but price action is likely to stay sensitive to upcoming regulatory outcomes and ETF-related news.