XRP Slides 4.44% Amid Regulatory Setbacks, But Trading Volume Surges and Institutional Adoption Grows

XRP is currently trading at $2.0943 on Binance, reflecting a 4.44% decline over the past 24 hours from an open of $2.1917, with daily trading volume up 22.46% to $3.23 billion and a market capitalization of $123.78 billion. The price drop is primarily attributed to heightened regulatory uncertainty following a federal judge’s rejection of Ripple’s proposed SEC settlement and the imposition of a $125 million penalty, which has likely prompted profit-taking and repositioning among traders amid increased market activity. Despite the short-term decline, institutional developments such as Ripple’s integration with Wormhole for multichain support and the ECB’s selection of the XRP Ledger for its Digital Euro pilot continue to underscore ongoing interest and adoption in the broader ecosystem.