XRP Drops 4.61% Amid 5.7 Billion Token Withdrawals and Escrow Unlock Anticipation

XRPUSDT is currently trading at $2.1247 on Binance, reflecting a 4.61% decline over the past 24 hours from a 24h open of $2.2273. The price decrease follows a period of heightened activity and volatility, attributed to recent large-scale withdrawals from exchanges (5.7 billion XRP, or 10% of supply), routine escrow unlock anticipation, and increased institutional futures trading on CME. While whale accumulation and a surge in active addresses have previously supported bullish sentiment, the recent sell-off suggests profit-taking and market reaction to the substantial supply movement and routine token unlock. Trading volume remains elevated, and on-chain data indicates robust institutional participation, but the short-term price pullback highlights ongoing market sensitivity to major liquidity events and supply management actions.