XRP Dips 3.74% After Canadian ETF Approval and Legal Updates Spark Volatility Surge

XRPUSDT is trading at $2.1307 on Binance, down 3.74% over the past 24 hours from an open of $2.2135. The recent price decline is attributed to profit-taking and increased selling pressure following heightened volatility around major events, including the approval of a spot XRP ETF in Canada and ongoing legal developments between Ripple Labs and the SEC. Despite positive institutional news and a surge in on-chain activity, XRP failed to sustain gains above the $2.35 resistance zone, triggering a sell-off as technical indicators signaled cooling momentum. The market remains active, with 24-hour trading volume exceeding $3.22 billion and a market cap of approximately $26.88 billion, as XRP consolidates after recent volatility and major announcements.