XRP Sees 2.16% Price Drop Amid $12.98M ETF Inflows and Surging Trading Volume

XRPUSDT experienced a 2.16% price decline in the last 24 hours, with the current price at 2.0998 USDT according to Binance. This movement follows a period of increased volatility driven by conflicting market signals, including a recent price surge attributed to heightened trading activity and growing institutional investment, notably the addition of $12.98 million to XRP spot ETFs. Regulatory developments, such as the proposed U.S. CLARITY Act and recent Ripple approvals in the UK, Singapore, and Luxembourg, have contributed to positive sentiment, though market uncertainty remains due to reports of legal actions involving XRP ecosystem participants. Trading volume over the past 24 hours ranged from $2.79 billion to $5.01 billion, reflecting strong market activity and interest in XRP, which continues to hold a market capitalization exceeding $126 billion and remains a top five cryptocurrency by market cap.