XRP Slides 3.24% After 439M Token Transfer, Yet ETF Approval and SEC Progress Fuel Optimism

XRP is trading at $2.1711 on Binance, down 3.24% over the past 24 hours from a 24h open of $2.2439. The recent price decline is primarily attributed to a large transfer of 439 million XRP by Ripple, which coincided with a broader period of heavy selling and contributed to short-term downward pressure. Despite this, positive developments such as Canada’s approval of the first spot XRP ETF and ongoing legal progress between Ripple and the US SEC—including a proposed settlement and potential lifting of the institutional sales injunction—have supported underlying market optimism. XRP maintains strong market activity, with a 24-hour trading volume of approximately $3.48 billion and a market capitalization of $136.73 billion, reflecting sustained investor interest and robust liquidity.