XRP Drops 3.5% as Whales Sell 470 Million Tokens Amid High Volume and ETF Speculation

XRPUSDT experienced a 3.50% price decline over the past 24 hours, with the current price at 2.8369 according to Binance. This drop is primarily attributed to recent whale activity, with 470 million XRP sold in the last 10 days, ongoing profit-taking by investors, and technical signals indicating short-term bearish momentum. Additional factors include market-wide volatility linked to concerns about a potential Bitcoin price correction, delays in ETF approvals, and anticipation surrounding Federal Reserve Chair Jerome Powell's upcoming speech, which has increased uncertainty. Despite the recent sell-off, trading volume remains high at $4.62 billion to $6.81 billion, reflecting sustained interest in XRP amid speculation about future ETF launches and institutional adoption.