XRP Price Dips 3.89% After SEC Resolution, Ferrari Payments Boost Market Activity

XRPUSDT experienced a 3.89% price decline over the past 24 hours, primarily attributed to profit-taking following the resolution of Ripple's legal dispute with the U.S. SEC and the subsequent removal of regulatory uncertainty. The initial surge in price after the announcement was followed by selling pressure, as traders reacted to the news and technical resistance levels. Additional developments, such as Ferrari accepting XRP payments, VivoPower's acquisition plans, and new regulated custody services in South Korea, contributed to increased market activity but did not offset the short-term bearish sentiment.

Currently, XRPUSDT is trading at 3.1886 on Binance, with a 24-hour trading volume exceeding $6.3 billion and a market capitalization near $190 billion. Despite the recent dip, XRP remains one of the top-performing cryptocurrencies over the past week, supported by strong institutional interest and ongoing ecosystem developments.