XRP Holds $2.11 Amid ETF Launch and Legal Progress, Faces Resistance After Recent Rally

XRP is currently trading at $2.1168, down 2.24% over the past 24 hours according to Binance, with the price retracing from a recent high of $2.35 and encountering resistance above $2.23. The price decline can be attributed to profit-taking after a strong rally, ongoing market consolidation, and reduced momentum as indicated by neutral RSI and a flat MACD. Despite positive developments such as the launch of North America's first XRP ETF by 3iQ, increased on-chain activity, and progress in the Ripple v. SEC case, these factors have not yet translated into sustained upward price movement, likely due to broader market volatility and traders awaiting further regulatory clarity. Overall, XRP’s market capitalization stands near $127.8 billion, with trading volume reflecting a period of decreased volatility and consolidation within a defined range.