XRP Drops 2.53% Despite Surge in Ledger Transactions and $16.79M ETF Inflow

XRPUSDT experienced a 2.53% decline over the last 24 hours, with the price currently at 1.5913 according to Binance data. The price drop has been attributed to a combination of increased XRP Ledger activity—reaching nearly 1.9 million transactions per day—indicating strong network demand, and recent market volatility, including a sharp 2.9% intra-day price drop and subsequent swift recovery, driven by large-scale transactions and automated payment systems. Additionally, the launch of Ripple’s USD-backed stablecoin and continued institutional inflows into spot XRP ETFs, with a recent net inflow of $16.79 million, have highlighted growing interest but have not offset short-term selling pressure, potentially linked to broader market consolidation and ongoing legal developments.

XRPUSDT maintains robust trading volume at $5.02 billion to $6.57 billion and a circulating supply of approximately 60.85 billion XRP, with the price ranging from $1.54 to $1.75 over the last 24 hours.