XRP Drops 3.19% Amid $700M Buyback, ETF Approvals, and Ripple v. SEC Legal Uncertainty

XRPUSDT is trading at 2.1594 on Binance, down 3.19% over the past 24 hours from an open of 2.2305. The price decline is primarily attributed to broader negative sentiment in the cryptocurrency market, which saw a 6.1% drop in total market capitalization, as well as ongoing regulatory uncertainty surrounding the Ripple v. SEC lawsuit. While recent developments such as the joint motion filed by Ripple and the SEC ahead of a key court date, the approval of three XRP futures-based ETFs, and Ripple’s $700 million share buyback have generated significant interest, the lack of immediate resolution in the legal case and pending decisions on a potential spot ETF have kept XRP trading in a volatile, range-bound manner. Current trading volume remains robust, with 24-hour volume around $4.39 billion and the estimated market cap near $123 billion, reflecting continued active participation and close market attention to upcoming regulatory outcomes.