XRP Drops 6.78% Despite Canadian ETF Approval and Strong Market Activity—Key Resistance Ahead

XRP experienced a 6.78% price decline over the last 24 hours, dropping from a 24h open of $2.3097 to a current price of $2.1530 on Binance, despite positive developments such as the approval of the Purpose XRP ETF in Canada, rising active addresses, and optimism surrounding the Ripple-SEC settlement. The recent price pullback appears to be a result of profit-taking following a strong rally driven by bullish sentiment on ETF launches, increased whale activity, and anticipation of a favorable legal outcome for Ripple. Trading volume remains robust at approximately $5.25 billion, with XRP holding a market capitalization near $136.73 billion and active participation across 1,626 markets, while technical indicators suggest neutral momentum and key resistance remains at $2.20–$2.34.