XRP Surges 7.76% on Binance Amid RLUSD Stablecoin News and Record Trading Volumes

XRPUSDT has recorded a notable 7.76% price increase over the past 24 hours, currently trading at 2.7143 on Binance. This upward movement is attributed to heightened trading activity linked to Binance’s #BinanceTurns8 promotion, which has driven user engagement and increased demand for XRPUSDT as an eligible trading pair. Additionally, positive sentiment has been supported by Ripple’s announcement of BNY Mellon as the custodian for reserves of its upcoming stablecoin RLUSD, alongside reports of RLUSD reaching a $500 million market cap. Technical factors, including a breakout above previous resistance and sustained higher trading volumes, have further contributed to bullish momentum, although some resistance and profit-taking have been observed near recent highs. XRP’s 24-hour trading volume remains elevated, reflecting strong market participation and positioning XRP among the top cryptocurrencies by market capitalization.