XRP Faces 2.59% Dip Amid Legal Hurdles, Lower Transaction Volume, and Rising Stablecoin Competition

XRP is currently trading at $2.2889 with a 24-hour trading volume of approximately $1.5–1.58 billion and a market capitalization near $134 billion, reflecting a 2.59% price decrease over the last 24 hours. The recent decline in price and trading activity is attributed to a drop in daily real transaction volume, ongoing legal uncertainty following court-upheld restrictions on institutional XRP sales, and increased competition from new stablecoins and banking sector entrants, despite positive developments such as the resolution of Ripple’s SEC case, the launch of XRP futures, and new stablecoins on the XRP Ledger.