XRP Slides 2.78% Amid US Seizure Rumors, On-Chain Activity Remains Strong Despite Volatility

XRPUSDT experienced a 2.78% price decline over the last 24 hours, with the current price at 1.9932 (down from a 24h open of 2.0503 on Binance). The primary driver of this price drop was market reaction to widespread rumors regarding potential US government seizure of Ripple’s escrowed XRP holdings, which led to heightened volatility and a brief price dip below $2. Legal experts have since refuted these rumors, but the initial speculation contributed to increased selling pressure and profit-taking by investors following a recent multi-month rally. Despite the decline in open interest (down 2.65% over five days) and net outflows of $90.18 million, XRP continues to see strong on-chain activity, with daily new addresses at 3,500 and daily active addresses at 34,360. Trading volume remains elevated, reflecting sustained market interest and volatility, while the circulating supply is approximately 58.94 billion XRP and market capitalization is near $115.86 billion. No new protocol updates, partnerships, or major upcoming events were reported in the past week.