XRP Faces 2.64% Dip Amid SEC Ruling, Token Unlock, and Nasdaq ETF Debut

XRP is currently trading at $2.2921 on Binance, with a 24-hour price change of -2.64% and a trading volume of approximately $1.68 billion, maintaining a market capitalization of $135.5 billion and a circulating supply of 58.68 billion tokens. The recent price decline can be attributed to a combination of factors, including the federal judge's denial of the proposed $50 million Ripple-SEC settlement, the upcoming scheduled unlock of 1 billion XRP tokens which may introduce additional supply pressure, and broader market volatility despite positive developments such as increased institutional access via the launch of the first XRP futures ETF on Nasdaq and growing adoption in Asia. These factors have contributed to short-term selling pressure, even as technical indicators and on-chain data suggest ongoing interest and bullish sentiment among traders.