XRP Drops 5.65% Amid Ripple-SEC Lawsuit Pause, Strong Trading Volume Signals Ongoing Investor Interest

XRPUSDT experienced a 5.65% decline over the past 24 hours, with the current price at 2.1752 (down from a 24h open of 2.3055 on Binance). The price drop follows recent volatility driven by developments in the Ripple-SEC lawsuit, where both parties jointly requested a pause in the appeal and discussed potential settlement options, creating legal uncertainty and short-term market fluctuations. Despite positive momentum from institutional interest—such as the approval of XRP futures ETFs and upcoming spot ETF launches in Canada—investors appear to be reacting to the pending court decision and profit-taking after recent gains.

XRP’s trading volume remains strong, with approximately $5.25 billion traded in the last 24 hours and a market capitalization near $136.7 billion. The circulating supply is about 58.88 billion XRP. While network activity and institutional developments support long-term optimism, the current market is focused on legal outcomes and their impact on near-term price direction.