XRP Drops 4.39% Amid ETF Speculation, $5B Volume and Ripple-SEC Legal Spotlight

XRPUSDT has declined by approximately 4.39% over the past 24 hours, with the current price at $2.9896 according to Binance data. The price drop is primarily attributed to increased market volatility following a recent breakdown below the $3.00 level, ongoing consolidation, and cautious sentiment surrounding the potential approval of an XRP ETF. Additional factors include heightened trading activity, with over 1.5 million transactions and a shift toward smaller-sized payments, as well as continued attention on Ripple’s legal proceedings with the SEC. Despite the downturn, XRP maintains significant trading volume of over $5 billion and a market capitalization near $177.44 billion, with technical support observed above $2.99 and resistance at $3.25 and $3.40.