XRP Slides 2.57% Amid Escrow Seizure Rumors, $24M Outflows, and Record Network Activity

XRPUSDT experienced a 2.57% price decline over the past 24 hours, trading at $2.0307 as of June 23, 2025 (Binance data). The recent price drop is primarily attributed to increased speculation and rumors regarding potential U.S. government seizure of Ripple’s escrowed XRP, which were widely circulated on social media and contributed to negative sentiment, despite being firmly denied by legal sources. Additionally, technical factors such as repeated rejections at the $2.18–$2.22 resistance zone and ongoing profit-taking, as indicated by net outflows of approximately $24.44 million from exchanges, have added to the downward pressure.

Overall, XRP is consolidating near the $2.03 level with a 24-hour trading volume of about $5.08 billion and a market capitalization estimated at $116.7 billion. The market remains in a sideways trend, with traders closely monitoring regulatory developments, potential ETF approval, and international partnership announcements as possible catalysts for future price movement. The XRPL network’s record 5.1 million transactions in a single day highlights ongoing network activity and low transaction costs, supporting long-term positive fundamentals.