XRP Price Dips 2.16% Amid ETF Surge and $1.21B AUM: Legal Clarity Spurs Institutional Interest

XRPUSDT experienced a 2.16% price decrease over the last 24 hours, currently trading at 1.8776 on Binance. This recent downturn can be attributed to continued bearish sentiment and market indecision, as highlighted by analysts observing weak momentum and underperformance against Bitcoin. The asset remains under pressure following its significant decline from mid-year highs, compounded by consolidation within a tight trading range and resistance near the $1.90–$1.96 levels. Recent developments, including the resolution of the SEC lawsuit against Ripple and the subsequent launch of spot XRP ETFs in the US, have improved legal clarity and institutional interest, evidenced by $1.21 billion in ETF assets under management and net inflows of $82.04 million last week. Despite these positive structural changes, short-term price movements remain driven by prevailing market uncertainty and weak technical momentum.

XRP currently holds a market capitalization of approximately $114.66 billion and a 24-hour trading volume of $2.56 billion, with a circulating supply of 60.57 billion tokens. Recent price action reflects a modest weekly and monthly decline, alongside a 14.24% decrease over the past year.