XRP Token Dips 2.96% After $3.00 High Amid Korean Trading Surge and Legal Milestones

XRPUSDT experienced a 2.96% decline over the past 24 hours, with the price dropping from 3.0000 to 2.9111 USDT on Binance. This price movement follows a period of heightened trading activity, particularly on Korean exchanges like Upbit, where XRP trading volume surpassed that of Bitcoin and Ethereum, driven by renewed interest from South Korean traders. The recent surge was influenced by bullish technical signals, including a Golden Cross and sustained high RSI, as well as positive developments such as Ripple’s application for a banking license, the SEC dropping its case against Ripple, and increased accumulation by large holders (“whales”). However, after reaching highs near $3.00, profit-taking and market volatility led to a pullback. Overall, XRP remains the third or fourth largest cryptocurrency by market cap, with a current price of 2.9111 USDT, a 24-hour trading volume of approximately $9.13–$10.74 billion, and a neutral market sentiment amid ongoing legal proceedings and speculation about future institutional adoption.