XRP Slides 3.3% Amid Whale Activity, BNY Mellon Stablecoin News, and ETF Speculation

XRPUSDT experienced a 3.30% price decline over the last 24 hours, with the current Binance price at 2.8635. This pullback follows a period of strong upward momentum driven by heightened whale accumulation, increased trading activity on platforms like Upbit, and optimism surrounding the anticipated resolution of Ripple’s legal case with the SEC. Recent news of BNY Mellon being appointed as custodian for Ripple’s new stablecoin RLUSD and ongoing discussions about potential XRP ETFs have also contributed to investor interest. However, overbought indicators from technical analysis have signaled the potential for a short-term correction, which aligns with the recent price decrease.

XRP’s market capitalization is approximately $176.15 billion, with a 24-hour trading volume ranging from $6.22 billion to $12.27 billion. The price fluctuated between 2.51 and 3.02 in the last day, reflecting ongoing volatility and significant market participation.