XRP Sees $3.97B Volume Amid 3.93% Drop, ETF Hopes and Institutional Moves Drive Focus

XRP is currently trading at $2.1340 with a 24-hour trading volume of approximately $3.97 billion and a market capitalization estimated near $63 billion, reflecting a 3.93% decline from the previous day’s open of $2.2213. The recent price drop is primarily attributed to high-volume selloffs triggered by global economic tensions and ongoing market uncertainty due to the lack of updates from the SEC regarding Ripple’s legal situation. Despite this, optimism around a potential U.S.-listed spot XRP ETF and increased institutional adoption, such as VivoPower’s $121 million treasury allocation, have supported elevated trading activity and open interest, keeping XRP in focus among investors and traders.