XRP Drops 3.28% Amid Rumor-Driven Volatility, Maintains $118.6B Market Cap and Strong Trading Volume

XRPUSDT experienced a 3.28% price decline over the past 24 hours, with the current price at 2.0061 USDT, opening at 2.0742 USDT. The primary driver of this price movement was the emergence of rumors regarding potential U.S. government seizure of Ripple’s escrowed XRP, which led to a brief sell-off and increased volatility; these rumors were quickly refuted by legal representatives, but legal uncertainties and ongoing regulatory developments contributed to negative sentiment. Despite this, XRP maintains strong market activity, with a 24-hour trading volume exceeding $5 billion, a circulating supply of approximately 58.94 billion XRP, and a market capitalization of $118.6 billion, reflecting continued investor engagement and resilience amid heightened whale activity and technical support near the $2 level.