XRP Plunges 5.22% Amid Macroeconomic Uncertainty and Regulatory Changes, $2.24B Volume Surges

XRPUSDT has declined by 5.22% over the past 24 hours, opening at 1.9186 and currently trading at 1.8184 on Binance. The price drop is primarily attributed to heightened macroeconomic uncertainty and increased global trade tensions, which have dampened risk appetite and triggered reduced accumulation by long-term holders, as evidenced by significant outflows from large XRP wallets since January 18. Additionally, regulatory developments—including Japan's upcoming reclassification of XRP and ongoing legal proceedings involving Ripple Labs and the SEC—continue to influence market sentiment and contribute to short-term volatility.

XRP maintains a high trading volume, with approximately $2.24 billion traded in the last 24 hours and a circulating supply near 61 billion tokens. Despite recent price weakness, XRP remains a leading cryptocurrency with a market capitalization estimated between $110.63 billion and $116.18 billion and ranks among the top five assets by volume and popularity.