XRP Slides 2% Amid $2.25B Surge in Volume as SEC Ruling and Canadian ETFs Drive Volatility

XRPUSDT is trading at 2.1297, down 2.00% over the past 24 hours according to Binance data, with the decline attributed to ongoing market volatility, recent price rejection near 2.32, and investor caution ahead of a potential SEC v. Ripple ruling. The heightened trading volume—up 46.69% to over $2.25 billion—reflects increased market activity, likely driven by anticipation of regulatory developments, new institutional partnerships, and the launch of XRP ETFs in Canada, all contributing to both increased interest and price swings. XRP’s market capitalization stands at $127.84 billion, with technical indicators suggesting traders are closely watching support at current levels amid broader uncertainty.