XRP Drops 5.34% Amid Legal Uncertainty and Surging Volatility, Market Cap Holds at $117 Billion

XRPUSDT experienced a 5.34% decline over the past 24 hours, with the price dropping from 2.1373 to 2.0232 according to Binance data. The primary driver of this price decrease appears to be heightened market uncertainty following speculation about potential U.S. government seizure of Ripple's escrowed XRP and ongoing legal ambiguity regarding Ripple's status, which led to increased volatility and a sharp sell-off. Despite a brief rebound, sentiment remains cautious as traders react to both legal developments and competitive pressures from other payment coins. Trading volumes surged during the sell-off, and XRP's market cap is estimated at approximately $117 billion, with current price action showing strong resistance near $2.20 and support just above $2.01.