XRP Drops 3.41% Amid SEC ETF Delays and Major Transfers, Adoption Grows in 6,500 Pharmacies

XRPUSDT has declined by 3.41% over the past 24 hours, with the current Binance price at 2.9066 and a 24-hour open of 3.0092. The price drop is primarily attributed to recent market volatility, including large-scale XRP transfers by major holders and a significant liquidation imbalance reported on August 18, which contributed to increased selling pressure. Additionally, the SEC's decision to delay rulings on major XRP ETF applications has added uncertainty to the market. Despite these factors, XRP continues to show signs of real-world adoption, such as the integration of XRP Ledger payments in 6,500 U.S. pharmacies, which may support future recovery. The asset remains the third-largest cryptocurrency by market capitalization, with a 24-hour trading volume of approximately $6.87 billion and a circulating supply of 59.42 billion XRP.