XRP Price Drops 4.98% as Ripple SEC Settlement Spurs Profit-Taking and High Trading Volume

XRPUSDT experienced a 4.98% price decline over the past 24 hours, with the current price at 2.9636 according to Binance data. The drop is primarily attributed to heightened market volatility following the recent settlement of Ripple's legal case with the SEC, which resulted in a reduced penalty under $1 billion, as well as a surge in trading activity and investor profitability reaching historically high levels. Nearly 94% of XRP holders are in profit, a condition that has previously preceded market corrections, contributing to cautious sentiment and increased selling pressure. Over the last 24 hours, XRPUSDT traded between 2.9669 and 3.15, with robust trading volume reported between $5.12 billion and $5.80 billion, and a market capitalization around $176.42 billion to $178.50 billion.