XRP Drops 4.18% as Whales Move 460 Million Tokens and ETF Decisions Await SEC Approval

XRPUSDT experienced a 4.18% price decline over the past 24 hours, with the current price at 2.8967 USDT according to Binance. The downturn is primarily attributed to significant whale activity, including the offloading of 460 million XRP tokens, and broader market anticipation ahead of Federal Reserve Chair Jerome Powell's upcoming speech at Jackson Hole. Additional factors influencing sentiment include the SEC's delay of decisions on two XRP ETF applications and elevated profit-taking as XRP's circulating supply reaches higher profit levels. Despite the price drop, XRP saw increased trading volume, with 24-hour volume between $6.58 billion and $7.11 billion, and maintains a strong market position with a market capitalization near $172 billion.