XRP Slides 5.69% Amid Legal Uncertainty, Market Volatility, and Escrow Concerns—Key Support in Focus

XRPUSDT experienced a 5.69% decline over the past 24 hours, with the current price at 1.9642 (24h open: 2.0826, according to Binance). The price drop is primarily attributed to intensified selling pressure driven by ongoing legal uncertainty in the Ripple v. SEC case, heightened fears of potential U.S. government intervention regarding Ripple’s escrowed XRP, and broader market volatility linked to geopolitical tensions such as the Israel-Iran conflict. Additional factors include profit-taking by early investors, liquidation of long positions, and subdued activity on the XRP Ledger, as reported by Glassnode and other sources. Despite steady retail demand and recent ETF-related developments, bearish sentiment dominates, with XRP testing key support levels and market participants closely monitoring for stabilization above $1.90. Trading volume remains high, reflecting active participation amid increased volatility.