XRP Slides 4.69% to $2.03 Amid ETF Approval Hopes and Waning Network Activity

XRP is currently trading at $2.0273 on Binance, reflecting a 4.69% decline over the past 24 hours from a 24h open of $2.1270. The recent price drop can be attributed to a combination of reduced network activity—evidenced by a 30% decrease in open interest and a decline in daily active addresses on the XRP Ledger—and profit-taking following a period of positive sentiment driven by regulatory developments. While Bloomberg analysts report a 95% probability of imminent U.S. SEC approval for a spot XRP ETF and Ripple has reached a settlement to reduce its fine in the SEC lawsuit, the market has responded with caution, leading to range-bound price action and a modest pullback despite ongoing optimism. XRP maintains a high market capitalization of approximately $127.84 billion and remains highly liquid, with recent volatility reflecting both anticipation of regulatory outcomes and broader market trends.