XRP Slides 5.31% Amid Inflation Fears, But RLUSD Integration and XRPL Growth Signal Resilience

XRPUSDT experienced a 5.31% price decline over the past 24 hours, primarily attributed to broader market volatility driven by concerns over rising U.S. inflation following the recent Producer Price Index report. Technical indicators, including a downward-trending RSI and a MACD sell signal, have reinforced bearish sentiment, with increased trading volume suggesting heightened market activity. The current price on Binance is $3.0980, with a 24-hour trading volume of approximately $11.71 billion and a market capitalization near $185.25 billion. Despite short-term pressure, ongoing developments such as Ripple's RLUSD stablecoin integration and rising total value locked on XRPL protocols remain notable factors for long-term market participants.