XRP Slides 4.32% as Volume Drops and Legal Uncertainty Fuels Market Volatility

XRPUSDT experienced a 4.32% price decrease in the last 24 hours, falling from 1.6478 to 1.5766, as reported by Binance. This price movement is attributed to continued bearish sentiment following a recent sell-off, with technical analysis indicating oversold conditions and a temporary bounce that failed to reverse the broader downtrend. Factors such as a decrease in trading activity, a drop in 24-hour volume, and ongoing legal uncertainty surrounding Ripple Labs and the SEC case contributed to market volatility and downward pressure.

Currently, XRPUSDT trades at 1.5766 with a 24-hour volume of $2.89 billion, a market capitalization near $97.63 billion, and a circulating supply of approximately 60.85 billion coins; the asset remains volatile with short-term fluctuations but has underperformed the global cryptocurrency market over the past week.