XRP Dips 2.99% Amid Profit-Taking, But Whale Holdings and ETF Hopes Signal Ongoing Momentum

XRPUSDT is currently trading at 2.1571 on Binance, reflecting a 2.99% decline over the past 24 hours from a 24h open of 2.2236. The recent price decrease is primarily attributed to continued resistance near the $2.27–$2.30 range and profit-taking following earlier optimism from major legal developments, including the joint motion by Ripple and the SEC to dissolve a longstanding injunction and the SEC’s dropped lawsuit, which had previously fueled bullish sentiment and a price surge. Despite the short-term pullback, XRP maintains strong trading activity with a 24-hour volume of approximately $3.3 billion and a market cap between $131.8 billion and $136.7 billion, supported by record-high whale wallet holdings and increased institutional interest. The market remains attentive to upcoming regulatory milestones and the anticipated launch of the Purpose XRP spot ETF in Canada, both of which could influence future price action.