XRP Slides 2.48% Amid Legal Uncertainties and Pending ETF Decisions Despite Strong Volume

XRP is currently trading at $2.2195 with a 24-hour trading volume of approximately $2.52 billion and a market capitalization near $137 billion, reflecting a 2.48% price decline from the 24h open of $2.2760. The recent downward price movement is primarily attributed to ongoing legal uncertainties surrounding Ripple, particularly the lack of updates from the SEC’s recent closed meeting and the pending decisions on spot XRP ETF applications, which have contributed to increased market anxiety and cautious investor sentiment despite notable institutional interest and stable liquidity.