XRP Drops 4.46% as RLUSD Nears $500M, Regulatory Updates and Major Listings Shape Outlook

XRPUSDT experienced a 4.46% price decline over the past 24 hours, with the current price at $2.1306 (Binance data), opening at $2.2301. The downward movement is primarily attributed to market reactions surrounding Ripple’s RLUSD stablecoin nearing a $500 million market cap, which has led to short-term bearish sentiment for XRP. Additional contributing factors include continued regulatory focus, notably the proposed $125 million settlement between Ripple and the U.S. SEC, and broader market sentiment shifts. Despite this, the XRP ecosystem has seen significant developments such as the launch of Circle’s USDC on the XRP Ledger, Coinbase’s upcoming 24/7 XRP futures trading, institutional investment announcements, and the addition of XRP to the Nasdaq Crypto US Settlement Price Index. In the last 24 hours, XRP’s trading volume ranged from $4.7 to $5.4 billion, with a market capitalization near $10–$11 billion and a circulating supply of approximately 57.76 billion XRP. Key technical support is being watched in the $2.00–$2.20 range as market participants assess the impact of ongoing news and regulatory updates.