XRP Slides 6% Amid ETF Uncertainty as Whale Accumulation Hits 2.45 Billion Tokens

XRPUSDT is trading at 2.1193 on Binance, reflecting a 6.00% decline over the past 24 hours from a 24h open of 2.2545. The price drop is primarily attributed to increased regulatory uncertainty as odds for a US-based XRP ETF approval have decreased ahead of upcoming SEC deadlines, leading to cautious sentiment among traders. Additional market factors include recent whale accumulation of 2.45 billion XRP since November 2024 and ongoing anticipation of a potential breakout around June 16, as highlighted by analysts. Trading volume over the last day has ranged between $2 billion and $3.8 billion, with XRP maintaining a market capitalization of approximately $126 billion and ranking as the fourth largest cryptocurrency by market cap. The asset remains about 34% below its all-time high, with short-term price action expected to stay range-bound pending further regulatory or institutional developments.