XRP Drops 2.66% Amid Ripple’s U.S. Banking License Bid and $3.3B Trading Surge

XRPUSDT experienced a 2.66% decline over the past 24 hours, with the price dropping from 2.2767 to 2.2161 on Binance. This price movement can be attributed to a combination of factors, including increased market volatility following Ripple’s application for a U.S. national banking license and Federal Reserve master account, as well as the launch of new financial products such as the first staking-type ETF in the US. Additionally, mixed market sentiment and the publication of new monetization proposals on the XRPL contributed to fluctuations, while ongoing IRS tax notifications may have influenced short-term trading behavior.

Currently, XRPUSDT is trading at 2.2161 with a 24-hour trading volume of approximately $3.3 billion, maintaining high liquidity and ranking among the top cryptocurrencies by market capitalization, despite recent short-term price pressure.