XRP Slides 5.41% Amid Whale Moves, ETF Speculation, and $10.6M Institutional Inflows

XRPUSDT experienced a 5.41% price decrease over the last 24 hours, declining from 2.2954 to 2.1712 on Binance. This drop follows heightened volatility driven by significant whale activity, with large holders both accumulating and selling XRP, and increased speculation surrounding a potential XRP ETF, which has led to mixed market sentiment. The recent launch of Ripple’s EVM-compatible sidechain and growing institutional inflows, including $10.6 million into XRP ETPs last week, have provided positive developments, but short-term profit-taking and uncertainty around ETF approval appear to have contributed to the recent price pullback.

Currently, XRP trades at 2.1712 with a 24-hour trading volume of $4.49 billion and a market capitalization of $129.25 billion, ranking it as the fourth largest cryptocurrency by market cap. The price has fluctuated between 2.178894 and 2.320565 in the past day, reflecting ongoing active trading and heightened interest from both retail and institutional participants.