XRP Drops 3.55% After $439M Ripple Transfer as Whale Activity and Network Usage Surge

XRPUSDT experienced a 3.55% price decline over the past 24 hours, with the current Binance price at $2.1494, opening at $2.2284. The price drop is primarily attributed to a significant $439 million XRP transfer from Ripple, which triggered increased volatility and downward pressure, as well as ongoing uncertainty related to the Ripple-SEC lawsuit despite recent progress toward a potential settlement. Whale accumulation remains strong, with over 2,700 wallets holding at least 1 million XRP, and daily active addresses have surged, indicating heightened network activity. Trading volume in the last 24 hours was approximately $3.35 billion, and the market capitalization stands between $131.8 billion and $136.4 billion, with XRP continuing to face resistance near the $2.27–$2.30 range.