XRP Price Drops 3.24% Amid Regulatory Uncertainty, $6B Market Cap Loss Fuels Trading Surge

XRPUSDT experienced a 3.24% price decline over the past 24 hours, with the current Binance price at $2.1292, down from a 24h open of $2.2005. This drop is primarily attributed to heightened regulatory uncertainty following Judge Torres’ denial of the Ripple-SEC settlement motion, which triggered increased selling pressure and contributed to a sharp uptick in trading volume. Additional factors influencing the decline include broader market volatility and a recent $6 billion reduction in XRP’s market capitalization over the past week. Despite the negative price movement, XRP remains one of the top-traded assets, with 24-hour trading volume ranging between $2.97 billion and $3.42 billion, and continues to show strong liquidity and speculative interest amid ongoing institutional adoption efforts and global expansion initiatives by Ripple.