XRP Surges 2.32% as Nasdaq Index Addition and ETF Hopes Drive $2.94B Trading Volume

XRP is trading at $2.2823 on Binance, up 2.32% over the past 24 hours from an open of $2.2306, with trading volume between $2.79 billion and $2.94 billion and a market capitalization of approximately $131.87 billion. The recent price increase is primarily attributed to XRP’s addition to the Nasdaq Crypto US Settlement Price Index, which has enhanced institutional legitimacy and fueled renewed speculation around a potential spot ETF approval, with the SEC decision expected June 17. Additional drivers include Ripple’s strategic partnership with Web3 Salon in Japan to support Web3 projects, ongoing high-profile transfers by Ripple, and continued momentum from regulatory clarity following previous legal developments. Overall, XRP’s strong performance is supported by institutional recognition, expanding use cases in Asia, and anticipation of regulatory decisions, resulting in heightened trading activity and positive sentiment.