XRP Surges 4.21% as FedWire ISO 20022 Upgrade and Whale Accumulation Boost Institutional Interest

XRPUSDT has risen 4.21% in the last 24 hours on Binance, currently trading at $2.4018 with a 24-hour open of $2.3047. The recent price increase is primarily attributed to heightened market attention surrounding the upcoming U.S. Federal Reserve FedWire Funds Service upgrade to the ISO 20022 standard, which aligns with Ripple’s technology and could enhance XRP’s relevance in institutional payments. Additional contributing factors include the launch of the EVM-compatible XRP Ledger sidechain, enabling Ethereum dApp integration, and significant whale accumulation of 610 million XRP, signaling strong investor interest. Anticipation of a potential SEC lawsuit ruling by August 15, 2025, and increased trading activity due to Binance’s #BinanceTurns8 event have also supported positive sentiment and higher trading volumes.

Currently, XRPUSDT is trading between $2.37 and $2.42 with a market cap of approximately $140.52 to $142.70 billion, 24-hour trading volume ranging from $2.58 billion to $9.68 billion, and market dominance near 4.09% to 4.92%. XRP maintains its position as the fourth largest cryptocurrency by market capitalization, with robust market activity observed across major exchanges.