XRP Slides 2.65% Amid Legal Setback and Low Volume, Eyes EVM Sidechain and ETF Prospects

XRPUSDT experienced a 2.65% price decline over the past 24 hours, closing at 2.1746 after opening at 2.2339 on Binance. The price decrease can be attributed to a combination of factors, including ongoing consolidation within a tight trading range and decreased trading volume compared to the previous day, which suggests waning short-term market momentum. Additionally, recent legal developments—specifically, a judge denying a key motion from Ripple in its case with the U.S. SEC—may have contributed to cautious sentiment among investors. Despite these factors, the launch of the XRP Ledger EVM sidechain and increased ETF approval probability estimates by Bloomberg analysts represent positive long-term developments, though they have not immediately offset the current price pressure.

XRP remains the fourth-largest cryptocurrency by market capitalization at approximately $128.46 billion, with a 24-hour trading volume between $2.65 billion and $3.52 billion. The most active trading pair continues to be XRP/USDT on Binance, and the asset is currently trading in a narrow range with technical indicators suggesting potential for a future breakout.