XRP Slides 4.6% Amid SEC Uncertainty, Trading Volume Soars 28% as ETF Review Sparks Volatility

XRP is currently trading at $2.1881 on Binance, down 4.63% from a 24-hour open of $2.2944, with trading volume surging over 28% to approximately $3.33 billion and a market capitalization near $128.5 billion. The recent price decline is primarily attributed to ongoing legal and regulatory uncertainty surrounding the SEC v. Ripple case, with no updates from the SEC’s latest meeting and a pending court deadline increasing market volatility. Additional factors influencing price action include the SEC’s formal review of the first U.S.-based spot XRP ETF application, heightened trading activity related to profit-taking or repositioning, and broader anticipation of institutional involvement following significant developments such as Dubai’s $16 billion real estate tokenization project on the XRP Ledger and major treasury investments in XRP. Despite the short-term dip, XRP has shown strong weekly performance, reflecting continued investor interest amid evolving regulatory and institutional trends.