XRP Drops 3.73% Amid Regulatory Delays, Whale Accumulation, and Major Ledger Upgrade on Binance

XRPUSDT experienced a 3.73% price decrease over the past 24 hours on Binance, with the current price at $2.1037 and a 24-hour open of $2.1852. This decline follows heightened trading activity, as 24-hour volume surpassed 107 million XRP, and a large $58 million transaction was recorded. The market reaction appears influenced by ongoing regulatory uncertainty after a U.S. judge denied Ripple and the SEC’s joint request to end their lawsuit early, prolonging legal proceedings and maintaining uncertainty around XRP’s regulatory status. Despite this, technical indicators such as RSI and MACD remain supportive, and whale accumulation has increased, with selling pressure from large holders subsiding. Additionally, a major XRP Ledger upgrade introduced new features aimed at improving security and functionality, while Ripple’s upcoming 1 billion XRP token unlock and recent community engagement have contributed to market activity. Overall, the market remains active with increased volume and whale participation, but the unresolved legal situation is contributing to short-term price pressure.