XRP Holds Key Support Amid Price Correction as SEC Meeting and ETF Speculation Drive Volatility

XRP is currently trading at $2.2928 on Binance, with a 24-hour opening price of $2.3447 and a 24-hour price change of -2.21%, supported by a market cap of approximately $135.43 billion and a 24-hour trading volume of $2.08 billion. The slight decline in price over the last 24 hours is attributed to recent volatility following a price correction, with technical factors such as the formation of a descending triangle and strong support at the $2.2856 level influencing short-term movements. Additionally, anticipation around regulatory developments—including the upcoming SEC meeting regarding the Ripple case and increased ETF speculation—has contributed to active trading and price fluctuations, while broader market trends like Bitcoin’s new all-time high and the launch of government-backed tokenization initiatives on the XRP Ledger continue to shape investor sentiment.