XRP Dips 2.24% After All-Time High as ETF Launch and Regulatory Wins Fuel Record Activity

XRPUSDT has experienced a 2.24% price decline over the last 24 hours, with the current price at 3.4090 USDT on Binance. This recent pullback follows a period of heightened volatility and a new all-time high of 3.66 USDT, driven primarily by the launch of an XRP-linked ETF, increased institutional accumulation, and favorable regulatory developments such as the approval of the GENIUS Act and a pro-crypto SEC Chair. The surge in active accounts and new addresses on the XRP Ledger, along with record trading volumes and open interest in futures, has contributed to strong bullish sentiment. However, technical indicators suggest the market may be overbought, prompting some profit-taking and short-term corrections. XRP remains one of the top cryptocurrencies by market capitalization, with robust trading activity and a circulating supply of approximately 59.18 billion XRP.