XRP Price Drops 3.78% Amid Influencer Lawsuit, Yet Institutional Inflows and Regulatory Wins Signal Strength

XRPUSDT experienced a 3.78% price decline over the past 24 hours, falling from an open of $2.1650 to $2.0831. This drop is primarily attributed to heightened market volatility following news of a $30 million civil lawsuit involving an XRP influencer and continued technical correction after seven consecutive sessions of declines earlier in the week. Despite this, institutional sentiment remains robust, supported by increased ETF net assets to $1.54 billion, net inflows of $12.98 million, and preliminary regulatory approvals for Ripple in Luxembourg and the UK, which bolster the asset's long-term prospects. Trading activity remains high, with a 24-hour volume of approximately $3.88 billion and XRP maintaining a market capitalization of around $127–$130 billion, currently trading within a range of $2.04–$2.19.