XRP Price Dips 2.59% Amid Profit-Taking, SEC Case Dismissal, and RLUSD Stablecoin Launch

XRPUSDT experienced a 2.59% price decline over the past 24 hours, with the current price at 3.1456 according to Binance. The drop is primarily attributed to profit-taking following a recent rally driven by the SEC's dismissal of its case against Ripple Labs and subsequent regulatory developments, including the SEC's exemption for Ripple's private sales. Additional factors influencing volatility include increased institutional interest, ETF filings, and whale activity, as well as market reactions to the launch of Ripple's RLUSD stablecoin. Trading volume remains robust, ranging between $8.13 billion and $9.10 billion, with XRP holding the #3 market capitalization rank and approximately 59.31 billion coins in circulation. The asset is currently navigating short-term bearish momentum, with key support at $3.15 and resistance at $3.20.