XRP Drops 7.32% Amid Market Uncertainty, SEC Case, and Zero-Fee Trading Developments

XRPUSDT experienced a 7.32% price decline over the past 24 hours, with the current price at 3.1002 according to Binance data. The drop is primarily attributed to broader market uncertainty following the release of the US Producer Price Index, which heightened concerns about inflation and potential delays in Federal Reserve interest rate cuts, impacting risk assets including cryptocurrencies. Additional factors influencing volatility include Ripple’s ongoing legal proceedings with the SEC, expansion of its cross-border payments network, and developments such as the introduction of zero-fee XRP trading pairs for select users. XRP remains actively traded, with 24-hour volume reported between $8.97 billion and $12.33 billion, and a market capitalization around $180.29 billion to $187.58 billion, ranking it third among cryptocurrencies.