XRP Drops 3% After Hitting $3.66 High Amid U.S. Regulatory Wins and Futures ETF Buzz

XRPUSDT experienced a 3.02% decline over the past 24 hours, with the current price at 3.4568 USDT on Binance, opening at 3.5645 USDT. The recent price volatility follows significant positive developments, including the passage of the CLARITY Act and GENIUS Act in the United States, which have improved regulatory clarity for crypto assets like XRP. Additional upward momentum was driven by news of the upcoming launch of the first XRP futures ETF in the U.S. and increased institutional interest, as evidenced by multiple asset manager applications and growing whale accumulation. However, after a sharp rally that saw XRP reach as high as 3.66 USDT, short-term technical indicators suggest the market may be overbought, contributing to the recent pullback. Trading volume remains robust, with XRP maintaining its position as the third-largest cryptocurrency by market capitalization, currently around $201.75 billion to $205.71 billion, and a circulating supply of approximately 59.18 billion XRP.