XRP Surges 27.7% in a Week as ETF Approvals and Regulatory Clarity Drive Institutional Demand

XRPUSDT has experienced a notable price increase of 4.43% over the past 24 hours, rising from a 24h open of 2.9181 to a current price of 3.0473 on Binance. This upward movement is primarily attributed to several key developments: the approval of the leveraged UXRP ETF by NYSE Arca, ProShares' upcoming launch of a new XRP futures ETF, and the recent settlement between Ripple and the SEC, which included a $125 million penalty and provided greater regulatory clarity for XRP. Additional positive sentiment has been driven by Ripple's application for a MiCA license in Europe and its pursuit of a federal bank charter in the US, signaling strategic expansion and increased institutional interest.

XRP currently trades at 3.0473 with strong 24-hour trading volume and a market capitalization exceeding $180 billion, reflecting robust investor activity and a 27.70% gain over the past week. The asset has outperformed the broader crypto market, with recent price action supported by both regulatory progress and heightened institutional engagement.