XRP Price Drops 2.46% Amid Regulatory Buzz, Institutional Moves, and $75M Debit Card Launch

XRPUSDT experienced a 2.46% price decline over the past 24 hours, with the current price at 2.9186 according to Binance. The recent selloff and increased volatility were driven by a combination of market-wide risk-off sentiment, heightened trading volumes, and technical factors such as a bearish engulfing pattern and widening Bollinger Bands. Additional influences include anticipation surrounding regulatory developments in the Ripple-SEC case, institutional accumulation of 250 million XRP, and positive news about the launch of an XRP debit card backed by $75 million from Mastercard, Gemini, Ripple, and WebBank. Despite the downturn, XRP has shown signs of stabilization near support levels, with active trading and a circulating supply of 59.48 billion coins and a market capitalization around $172–$173 billion.