XRP Token Sees 6% Drop Amid Market Volatility, Futures Surge After Ripple vs. SEC Resolution

XRPUSDT experienced a 6.01% price decline over the past 24 hours, primarily driven by broader market pressures following hotter-than-expected inflation data and a flash crash that led to over $60 million in liquidations. Despite this short-term bearish sentiment, the conclusion of the Ripple vs. SEC litigation and increased anticipation for a potential spot XRP ETF have contributed to a surge in futures open interest and trading volume, indicating renewed market activity and long-term optimism.

Currently, XRPUSDT is trading at 3.0852 on Binance, with a 24-hour trading volume between $10.5 billion and $17.66 billion, a market capitalization of approximately $182 billion, and a circulating supply of 59.31 billion tokens. The 24-hour price range has fluctuated between $2.98 and $3.35, reflecting heightened volatility and significant market engagement.