XRP Dips 3.24% Amid Mixed Technical Signals, Whale Activity and Ripple-SEC Lawsuit Spotlight

XRPUSDT experienced a 3.24% price decline over the past 24 hours, with the price falling from 2.1288 to 2.0598 USDT on Binance. The price drop is attributed to decreased market activity reflected in lower trading volumes and the ongoing equilibrium between bullish and bearish forces, as market analysis indicates consolidation below key moving averages and support levels. Additional factors influencing sentiment include reduced whale inflows, mixed technical signals with both bearish and bullish chart patterns noted recently, and continued regulatory attention due to the Ripple-SEC lawsuit. Despite these dynamics, XRP remains highly traded with a 24-hour volume of over 66.47 million XRP on Binance and a market capitalization of approximately $125.26 billion, ranking it fifth among cryptocurrencies.