XRP Drops 2% Amid Profit-Taking Despite Ripple–SEC Settlement Hopes and ETF Approval Odds

XRPUSDT has experienced a 2.07% decline over the past 24 hours, with the current price at 2.0843 (Binance), opening at 2.1283. The price drop is primarily attributed to sustained profit-taking by early investors following recent rallies, as well as technical weakness indicated by a low RSI (35.49) and persistent bearish momentum. Despite positive developments such as the proposed Ripple–SEC lawsuit settlement and rising expectations for spot XRP ETF approval (with odds above 90%), these have been outweighed in the short term by selling pressure and market caution. Trading volume remains elevated as distribution continues, and resistance is observed near the 2.20 level. Overall, the market sentiment for XRP is currently cautious to bearish, with volatility driven by both regulatory news and technical factors.