XRP Price Drops 3.31% After $125M Settlement, Whale Moves and 1 Billion XRP Escrow Release

XRPUSDT experienced a 3.31% price decline over the past 24 hours, with the drop attributed to profit-taking following a recent 10% rally driven by the conclusion of the SEC vs. Ripple lawsuit and Ripple's $125 million settlement. Additional market volatility was influenced by large-scale whale movements, including over 500 million XRP transferred to major exchanges and a reported sale of 50 million XRP by Ripple co-founder Chris Larsen, which increased selling pressure and uncertainty. The release of 1 billion XRP from escrow also contributed to the expanded circulating supply, impacting short-term price dynamics.

Currently, XRPUSDT is trading at 3.1529 on Binance, with a 24-hour trading volume exceeding $8.8 billion and a market capitalization near $187 billion. The asset remains highly active, with prices ranging from $3.12 to $3.33 in the last 24 hours, reflecting strong market interest and ongoing volatility.