XRP Token Sees 6.72% Drop as Smart Money Accumulation Rises and Volume Surges Over 100%

XRPUSDT experienced a 6.72% price decline over the past 24 hours, falling from 1.8850 to 1.7583, attributed to broader market volatility, profit-taking, and cautious sentiment reflected by the Crypto Fear & Greed Index at 26 and the Altcoin Season Index at 31. Despite this downturn, on-chain data indicates increasing accumulation by large investors, with more wallets holding over 1 million XRP and "smart money" traders growing their positions by 11.55% in the last month. Trading volume surged by 108.90%, reaching $5.47 billion, and the circulating supply stands at approximately 60.85 billion tokens. The most active trading pair was XRP/USDT, with price fluctuations between $1.93 and $1.73 in the past day. Ongoing developments, such as Ripple's partnership with Jeel and continued legal proceedings, are also contributing to market sentiment and activity.