XRP Drops 6.34% Amid Profit-Taking, Legal Uncertainty, and ETF Anticipation Fuel Market Volatility

XRPUSDT experienced a 6.34% decline over the past 24 hours, with the price dropping from a 24h open of $2.3291 to a current level of $2.1815 on Binance. The price decrease is primarily attributed to profit-taking after a recent rally, heightened volatility as XRP approaches key resistance levels ($2.26–$2.34), and ongoing market uncertainty surrounding the pending legal resolution between Ripple and the SEC. Despite positive developments such as the upcoming launch of North America's first spot XRP ETF and strong on-chain activity—including record whale wallet accumulation and increased daily transactions—short-term selling pressure and technical resistance have outweighed bullish sentiment in the latest trading session.

Currently, XRP is trading at $2.1815 with a 24-hour volume of approximately $4.66 billion and a market capitalization near $136.73 billion, reflecting robust trading activity and continued investor interest amid significant legal and market events.