XRP Drops 3.17% as ETF Approval Odds Fall, Regulatory Uncertainty Drives Cautious Trading

XRPUSDT experienced a 3.17% price decline over the past 24 hours, with the current price at 2.1897 USDT (24h open: 2.2613), according to Binance. This downturn is largely attributed to increased regulatory uncertainty as the odds of XRP spot ETF approval dropped by 10% ahead of key SEC decisions, leading to more cautious sentiment among traders. Despite positive developments such as large institutional XRP withdrawals, ProShares updating its ETF application, and the launch of tokenized U.S. Treasuries on the XRP Ledger, these were outweighed by the prevailing legal uncertainties and broader market declines. Trading volume remains high at approximately $2.47 billion, and XRP continues to demonstrate strong liquidity and market capitalization, even as price action lags behind other major cryptocurrencies.