XRP Dips 2.35% Despite ETF Approval Odds Surging Past 90% and Strong $2B Volume

XRPUSDT is trading at 2.0746 on Binance, down 2.35% over the past 24 hours from a 24h open of 2.1245. The price decline is primarily attributed to profit-taking and cautious sentiment despite positive developments such as the SEC’s ongoing review of the Franklin XRP ETF application, which has led Bloomberg analysts to raise approval odds to over 90%. While anticipation of a favorable ETF decision and the imminent resolution of the SEC lawsuit continue to support long-term optimism, immediate price action remains subdued, likely influenced by broader market caution and competition from emerging payment tokens. Trading volume remains robust near $2 billion, and XRP retains its position as a leading cryptocurrency by market capitalization, with a circulating supply around 58.94 billion coins.