XRP Plunges 2.59% Amid 90% Network Activity Drop and 1 Billion Token Escrow Release

XRPUSDT declined 2.59% over the last 24 hours, with the current price at 2.1278 according to Binance. The price drop is primarily attributed to broader market volatility, significant liquidations across the crypto sector, and a reported 90% decrease in XRP network activity, which has contributed to cooling investor sentiment. Additional factors impacting price include Ripple’s scheduled 1 billion XRP escrow release and ongoing developments related to spot XRP ETFs, which continue to see net inflows. Despite recent selling pressure and mixed technical signals, XRPUSDT saw robust trading volume, with Binance reporting 97.71 million XRP traded in the past day, and the asset maintains its position as the fourth largest cryptocurrency by market capitalization, currently near $128 billion.