XRP Slides 2.66% Amid Legal Uncertainty, Yet Holds $2 Support as Futures ETF Interest Grows

XRPUSDT declined by 2.66% over the last 24 hours, with the price dropping from 2.0726 to 2.0175 on Binance. The price decrease is primarily attributed to continued legal uncertainty surrounding the Ripple vs. SEC lawsuit, recent speculation about possible U.S. government actions regarding Ripple’s escrowed XRP, and a lack of decisive court updates, which has weighed on market sentiment. Despite these pressures, there are no confirmed seizures of XRP by authorities, and Ripple is set to pay its SEC fine in USD. XRP remains actively traded with over $4.4 billion in 24-hour volume, a market cap near $115.86 billion, and ongoing net outflows of $24.44 million, reflecting some selling pressure and rotation of market positions. The asset is consolidating above $2, with support observed around $2.01–$2.07, while resistance remains near $2.08–$2.22. Recent institutional developments, such as the approval of XRP futures-based ETFs and upcoming CME futures, are supporting longer-term confidence despite short-term volatility.