XRP Drops 4.16% as SEC Delays ETF Decision and Ledger Audit Impacts Investor Sentiment

XRPUSDT experienced a 4.16% price decline over the past 24 hours, primarily driven by the U.S. SEC's decision to delay spot XRP ETF applications, which has led to increased uncertainty and reduced institutional participation. Additional downward pressure came from a recent security audit ranking the XRP Ledger lower among major blockchains, further impacting investor sentiment. Despite robust trading activity and a 24-hour volume of approximately $7.1 billion, XRP is currently trading at $2.8911 on Binance, with the price falling from a 24-hour open of $3.0165. The asset has shown notable volatility, with a weekly drop of 11.38% and a monthly decrease of 16.16%, though it remains significantly higher year-over-year.