XRP Holds Key Support Amid SEC ETF Delay, $37M Outflows, and Dubai Tokenization Launch
XRP is currently trading at $2.2806 with a 24-hour opening price of $2.3360, reflecting a 2.37% decline over the past day and a 24-hour trading volume of approximately $2.03 billion. The recent price decrease is primarily attributed to continued outflows from XRP-related investment products, totaling $37.2 million last week, and the U.S. SEC’s decision to postpone its ruling on spot XRP ETF applications, which has introduced regulatory uncertainty and weighed on market sentiment. Despite these factors, XRP has shown resilience by holding key technical support levels, with additional market attention focused on ongoing legal developments in the Ripple vs. SEC case and the launch of a government-backed tokenized real estate platform on the XRP Ledger in Dubai, which may support long-term investor interest.