XRP Drops 4.59% After Ripple SEC Settlement and Whale Sell-Off, Trading Volume Remains Strong

XRPUSDT experienced a 4.59% price decline over the past 24 hours, with the current price at $3.1113 on Binance. This drop is primarily attributed to ongoing market reactions following Ripple Labs' settlement with the U.S. SEC, which included a $125 million fine and an injunction on institutional XRP sales. Additional downward pressure has been observed due to significant whale activity, including a recent sale of 73.87 million XRP, and reports of Ripple locking 700 million XRP into escrow. Despite the short-term volatility, XRP maintains high trading volume between $9.05 billion and $11.83 billion, a market capitalization near $184.22 billion, and a circulating supply of approximately 59.31 billion tokens, reflecting continued market interest and liquidity.