XRP Slides 4.53% Amid Profit-Taking, High Volume, and Ripple’s Strategic Moves Fuel Volatility

XRPUSDT has experienced a 4.53% decline over the past 24 hours, with the current price at 3.1368 USDT on Binance. The recent price drop is primarily attributed to profit-taking following a significant rally driven by positive developments in Ripple's SEC case settlement and increased institutional interest, as well as ongoing speculation around Ripple's acquisition of the stablecoin payment platform Rail and the launch of RLUSD. Despite the pullback, trading volumes remain elevated, exceeding $7.9 billion and reflecting sustained market activity. XRP currently ranks #3 by market capitalization, with a circulating supply of over 59 billion coins and a live market cap of approximately $187.27 billion. Price fluctuations in the last day ranged from a low of $3.11 to a high of $3.33, indicating continued volatility and active participation from both retail and institutional investors.