XRP Surges to $2.98 Amid Whale Rally, BNY Mellon Partnership, and High Trading Volumes

XRPUSDT experienced notable volatility over the past 24 hours, primarily driven by a "whale-driven rally" that pushed the price to a 24-hour high of $2.9750 before a subsequent pullback and consolidation. The surge was supported by strong trading volume and bullish momentum, further fueled by positive developments such as Ripple's partnership with BNY Mellon for stablecoin custody and broader optimism in the cryptocurrency market following Bitcoin's new all-time high. Additional factors included increased user engagement on Binance through features like Learn & Earn and Task Center Missions, as well as new cloud mining initiatives supporting XRP. Market attention also remained focused on the ongoing Ripple-SEC lawsuit and operational updates from exchanges such as Kraken.

As of the latest Binance data, XRPUSDT is trading at $2.7925, reflecting a 2.90% increase over the past 24 hours with a 24-hour opening price of $2.7138. Trading volumes remain elevated and XRP maintains its position as the third-largest cryptocurrency by market capitalization, with recent price action characterized by sharp upward movement followed by consolidation above key support levels.