XRP Dips 2.23% After Rally, Market Eyes ETF Approval and Ripple Lawsuit Resolution

XRP is currently trading at $2.2063, with a 24-hour opening price of $2.2566 and a 2.23% decline over the last 24 hours; trading volume remains robust between $2.125 and $2.4 billion, and the market capitalization stands near $129 billion. The recent price decrease follows a period of strong gains driven by anticipation of a potential spot XRP ETF approval, optimism regarding the nearing resolution of the Ripple vs. SEC lawsuit, and increased institutional interest highlighted by regulatory approval of Ripple’s RLUSD stablecoin in Dubai and major treasury allocations from VivoPower and Webus International; however, short-term profit-taking and consolidation near resistance levels have contributed to the pullback despite continued bullish sentiment and elevated open interest in XRP derivatives.