XRP Price Faces Pressure Ahead of SEC Decision

The XRP price has been under pressure as the SEC approaches its final deadline for deciding on several spot XRP ETF applications on March 27. Retail investors have taken advantage of the dip, with wallets holding less than 100 XRP reaching a record high of 5.66 million.

However, large holders seem to be staying quiet, with whale wallets remaining stagnant at 32,054. This may indicate that retail buyers are providing exit liquidity for larger investors.

The broader crypto market has seen a 2% drop in total capitalization, now sitting at $2.36 trillion. XRP futures Open Interest has also dropped over 5%, suggesting reduced leveraged exposure.