XRP Drops 6% After ETF Approval Surge: Key Support Levels and Whale Activity in Focus

XRPUSDT experienced a 6.13% decline over the last 24 hours, with the current price at $2.1565 (Binance data), down from a 24h open of $2.2973. The price drop follows a period of heightened volatility and profit-taking after recent bullish momentum driven by news of Purpose Investments receiving final approval for the Purpose XRP ETF (trading to begin June 18, 2025), increased on-chain activity, and record whale accumulation. While optimism was supported by positive legal developments in the Ripple-SEC case and speculation around ETF approval, short-term resistance near $2.34 led to selling pressure, contributing to the current pullback.

XRP’s 24-hour trading volume remains elevated at approximately $4.58 billion, with the asset holding a market capitalization near $9.73 billion. Key support is observed at $2.06–$2.09, with resistance at $2.26–$2.34, as the market monitors price stability following the recent retracement.