XRP Slides 2.16% Despite ETF Optimism and Strong Volume as Ripple v. SEC Ruling Looms

XRPUSDT has declined by 2.16% over the past 24 hours, opening at 2.1201 and currently trading at 2.0744 on Binance. The price drop is primarily attributed to sustained bearish sentiment following recent market volatility, with technical indicators signaling oversold conditions and resistance at $2.14 capping upward movement. Despite positive developments such as Bloomberg analysts estimating a 90% probability of SEC approval for spot XRP ETFs and the launch of spot XRP ETFs in Canada, the market remains cautious ahead of the anticipated Ripple v. SEC ruling, which could significantly impact regulatory clarity and price direction. Trading volume remains robust at approximately $2.32 billion, with market capitalization near $122.2 billion, as XRP continues to trade within a narrow range amid heightened attention to regulatory and institutional adoption news.