XRP Dips 2.2% as Ripple Withdraws Cross-Appeal, Market Awaits SEC Response Amid High Volume

XRPUSDT experienced a 2.20% decline over the past 24 hours, with the price dropping from 2.2315 to 2.1823 on Binance. The recent price decrease is primarily attributed to short-term market selling pressure following a period of cautious optimism after Ripple Labs voluntarily withdrew its cross-appeal in the SEC legal case. While this legal development initially led to a price surge, the market has since seen a modest pullback as traders await the SEC's formal response and potential resolution. Trading volume for XRPUSDT remains robust, ranging between $2.6 billion and $3.0 billion, with a market capitalization of approximately $128–129 billion and a circulating supply of around 59 billion tokens, keeping XRP among the top-ranked cryptocurrencies by market cap.