XRP Stuck Near $1.11 as Binance Airdrop and Regulatory Uncertainty Weigh In

XRP's price has remained stable near $1.11 as traders weigh the impact of Binance's $800,000 XRP airdrop campaign and Japan's institutional lending launch against ongoing U.S. regulatory uncertainty.

The token's market capitalization stands at around $69.54 billion, giving it about 3.13% of the total crypto market, according to CoinMarketCap data.

Binance's airdrop promotion, which runs through August 14, rewards users with XRP based on holding or trading above specified thresholds tied to Ripple's dollar-pegged stablecoin RLUSD.