XRP Slides 3.79% Amid SEC Legal Setback, Yet ETF Approval Odds Surge to 95%

XRPUSDT is currently trading at 2.1728, reflecting a 3.79% decline over the past 24 hours, with a 24-hour opening price of 2.2584 and trading volume between $2.96 billion and $3.51 billion. The recent price decrease is attributed to a combination of market consolidation, lower trading activity, and news of a legal setback for Ripple in its ongoing SEC case, despite a temporary 3% price spike following positive comments from Ripple's CEO about the case nearing resolution. Institutional interest remains strong, as evidenced by $10.6 million in weekly inflows into XRP investment products and Bloomberg raising the approval odds for a spot XRP ETF to 95%. XRP maintains a market capitalization of approximately $128.26 billion, ranking fourth among cryptocurrencies, and has shown significant long-term growth despite short-term volatility.