XRP Price Drops 6.59% Amid Ripple Transfers and SEC ETF Review Delay Impact

XRPUSDT experienced a notable price decline of 6.59% over the past 24 hours, with the current Binance price at 2.8754, down from a 24h open of 3.0783. The drop is primarily attributed to heightened market volatility, including a significant liquidation imbalance and large-scale XRP transfers by Ripple, which have influenced trader sentiment. Additional factors include the SEC's decision to delay its review of multiple XRP spot ETF proposals, contributing to regulatory uncertainty and impacting market confidence. Trading volume remains robust, ranging from $6.48 billion to $8.15 billion, and XRP continues to hold a strong market capitalization between $171.83 billion and $179.27 billion, with a circulating supply of approximately 59.42 billion XRP.