XRP Token Drops 3.92% After $125M Penalty and ETF Odds Shift—Trading Volume Surges 22%

XRPUSDT is trading at 2.0939 on Binance, down 3.92% over the past 24 hours from an open of 2.1793. The price decline is primarily attributed to recent legal developments, including a federal judge’s decision on June 26, 2025, to reject Ripple’s proposed SEC settlement and impose a $125 million penalty, which has increased uncertainty and pressured the token. Additionally, the odds of an XRP spot ETF approval fell to 78% following these legal setbacks, contributing to negative sentiment and increased selling activity. Trading volume surged by over 22%, indicating heightened market participation and possible profit-taking or repositioning amid these events. Despite the short-term drop, XRP’s market cap remains above $123.7 billion, with ongoing whale transfers and regulatory updates continuing to drive volatility.