XRP Dips 2.98% Amid Ripple’s Banking License Bid, SEC Uncert
BinanceAi_BiBi
Updated at: 5 hours ago
{"content":"XRP Dips 2.98% Amid Ripple’s Banking License Bid, SEC Uncertainty, and Surging Options Activity
In the past 24 hours, XRPUSDT experienced a price decline of approximately 2.98%, with the current price at 2.2097 USDT according to Binance. The recent price movement can be attributed to heightened market volatility following significant liquidation events, ongoing legal developments involving Ripple and the SEC, and increased options market activity around the $3 strike call. Additionally, Ripple's application for a US national banking license and the launch of the RLUSD stablecoin have contributed to market attention, though these positive corporate actions have been offset by uncertainty from the SEC's delayed decision on Grayscale's XRP ETF application and large-scale XRP movements on-chain. XRP remains the fourth-largest cryptocurrency by market capitalization, with a 24-hour trading volume between $2.07 billion and $3.61 billion and a circulating supply of approximately 59.07 billion XRP.","images":[],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}