XRP Surges 2.49% After Record Quarterly Close and Binance Anniversary Boost—What’s Next for Traders?

XRPUSDT has experienced a 2.49% price increase over the past 24 hours, currently trading at 2.3227 on Binance. This upward movement is primarily attributed to positive sentiment following XRP’s historic quarterly close at $2.38, which marked a record high and signaled a potential shift to long-term bullish momentum. Additional support for the price rise comes from Binance’s 8th anniversary promotion featuring XRPUSDT, which may have contributed to increased trading activity and interest. However, on-chain data indicating a rise in XRP transfers to centralized exchanges and a declining Chaikin Money Flow suggest some traders may be preparing to take profits, introducing a note of caution regarding sustained upward momentum.

Market activity remains robust, with a 24-hour trading volume of approximately $2.85 billion and XRPUSDT trading between $2.22 and $2.34, reflecting continued strong participation and positioning XRP among the top cryptocurrencies by market capitalization.