XRP Dips 3.52% Amid SEC Legal Uncertainty, Whale Accumulation Signals Institutional Interest

XRPUSDT is trading at $2.0909 on Binance, reflecting a 3.52% decline over the past 24 hours. The price drop is primarily attributed to renewed legal uncertainty surrounding Ripple’s ongoing court proceedings with the SEC, following a recent denial of an expedited ruling and continued focus on institutional sales penalties. This legal backdrop has contributed to intensified selling pressure, despite notable whale activity including large transfers by Ripple and accumulation by wallets holding over one million XRP. Key technical indicators show reduced volatility, with the Relative Strength Index near 50 and the Average True Range declining, while 24-hour trading volume remains robust at approximately $2.89–$3.32 billion and futures open interest is steady at $2.8 billion. Overall, the market is consolidating as participants await further legal clarity, with accumulation by large holders and stable derivatives activity suggesting ongoing institutional and trader engagement.