XRP Drops 3.65% After All-Time High Amid GENIUS Act, ETF Launch, and $89M Liquidations

XRPUSDT experienced a 3.65% price decrease over the past 24 hours, with the current price at 3.4335 USDT according to Binance data. The recent price movement is primarily attributed to profit-taking following XRP’s surge to a new all-time high of $3.55, which was driven by positive regulatory developments such as the passage of the "GENIUS Act" in the U.S. House of Representatives and increased institutional interest, including the upcoming launch of the ProShares Ultra XRP ETF (UXRP). Additionally, significant futures liquidations totaling approximately $89 million and notable whale accumulation have contributed to heightened volatility. Despite the short-term decline, XRP remains one of the top-ranked cryptocurrencies by market capitalization, with substantial trading volumes and strong performance over the past week.