XRP Drops 2% After Ripple SEC Settlement, $125M Fine Spurs $5.9B Trading Surge

XRPUSDT experienced a 2.02% price decline over the last 24 hours, trading at 3.2383 according to Binance data. The recent price movement is primarily attributed to the conclusion of Ripple Labs' SEC lawsuit, which resulted in a $125 million fine and the removal of the 'bad actor' designation, allowing new fundraising opportunities. While the legal resolution has generated positive sentiment and increased trading volume—reported between $4.13 billion and $5.93 billion—short-term technical indicators show a brief recovery after a dip, but the asset remains below its 200-day moving average. XRP currently ranks as the third-largest cryptocurrency by market capitalization at approximately $193.01 billion, with a circulating supply of 59.31 billion coins.