XRP Sees 4% Price Drop Amid SEC Deadline, Yet Large Holders and Institutions Boost Accumulation

XRPUSDT experienced a 4.09% price decline over the past 24 hours, with the current price at 2.9090 and a 24-hour open of 3.0329. The price drop is primarily attributed to bearish technical signals, including a noted bearish divergence on the weekly chart, and increased caution among traders ahead of the August 15, 2025, SEC filing deadline in the ongoing Ripple case. Despite these pressures, large holders accumulated over 130 million XRP during recent market dips, and institutional inflows into XRP-related products exceeded $30 million, reflecting ongoing interest. Trading activity remains robust, with a 24-hour volume of approximately $5.2 billion and XRP ranked as the third-largest cryptocurrency by market capitalization. The asset has shown resilience at key support levels, but overall market sentiment is cautious due to regulatory uncertainty and recent price volatility.