XRP Faces 4.4% Drop Amid Legal Updates, Dubai $16B Tokenization, and Brazilian Stablecoin Launch

XRP is currently trading at $2.1876 with a 24-hour price change of -4.40% and significant trading volume, reflecting ongoing volatility and a move toward the key support level at $2.16. The recent price decline is attributed to increased liquidation activity, heightened trading volumes, and broader economic uncertainty, as well as market reactions to softer US inflation data and legal developments in the Ripple v. SEC case. Notable events include the adoption of XRP Ledger for a $16 billion Dubai real estate tokenization project, new institutional treasury additions, and the launch of a Brazilian stablecoin on the XRP Ledger, all contributing to elevated market activity and attention despite the current bearish trend.