XRP Faces $2.20 Resistance Amid $70M Daily Profits and Toronto ETF Launch Boost

XRP is currently trading at $2.1254, down 2.19% over the past 24 hours according to Binance data, with a 24-hour opening price of $2.1729. The recent price decline can be attributed to profit-taking by early holders, as indicated by daily realized profits of around $70 million since early June, and mixed technical signals such as a neutral RSI and bearish MACD. Despite strong whale accumulation and continued institutional interest, including the launch of XRP ETFs on the Toronto Stock Exchange and the integration of USDC onto the XRP Ledger, short-term resistance at $2.20 and $2.25 has limited upward momentum. XRP maintains high liquidity and a robust market presence, supported by a 24-hour trading volume of $5.35 billion and a market capitalization of approximately $127.32 billion, with over 99.98 billion tokens in circulation.