XRP Drops 5.3% as Traders Doubt Ripple CEO's Regulatory Optimism

XRP dropped 5.3% to $1.48 on Sunday even after a 47.3% surge over the past seven days, CoinGecko data shows. The pullback came as Ripple CEO Brad Garlinghouse told an audience that the United States has never been closer to establishing clear rules for the cryptocurrency industry.

Garlinghouse's timeline meets profit-taking

Garlinghouse's remarks, reported by U.Today, framed the current policy environment as the most constructive in years. Yet the 24-hour decline, on volume of $6.5 billion, signals that short-term holders are locking in gains rather than betting on imminent regulatory clarity. CoinGecko data shows the token's weekly rally lifted it from roughly $1.00 to a high near $1.69 before the current consolidation.

Volume spikes as weekly gain hits 47%

per CoinGecko, turnover jumped to $6.5 billion in the last 24 hours, well above the token's recent average. The spike coincides with the seventh straight day of gains, a streak that pushed XRP's market cap to $92.75 billion and cemented its position as the fourth-largest crypto asset by that measure. Figures from the desk show circulating supply stands at 62.7 billion tokens against a total supply of 99.9 billion. | Ethereum |, |, |, |

Broader market pressure adds weight

CoinGecko data shows the total crypto market cap shed 4.56% to $2.59 trillion over the same window, with Bitcoin dominance at 59.0% and Ethereum at 11.2%. XRP's decline outperformed the broader downturn, suggesting asset-specific profit-taking rather than purely macro-driven selling. Funding rates across perpetual futures remained elevated through the week, a condition that often precedes short-term unwinds.

What breaks the consolidation

per CoinGecko, a daily close above $1.55 would reopen the path toward the $1.69 weekly high. Failure to hold $1.40 could accelerate longs' exit toward the $1.30, $1.35 zone, where the 7-day climb began. The next catalyst is likely a formal policy signal, either a legislative draft or an enforcement pause, rather than another executive interview.