XRP Surges 3.84% as Ripple Locks 400M Tokens and SEC Case Nears Resolution

In the past 24 hours, XRPUSDT experienced a price increase of 3.84%, rising from 2.1869 to 2.2708. This upward movement is primarily attributed to Ripple's recent actions, including the locking of 400 million XRP in escrow and the allocation of 300 million XRP for on-demand liquidity and exchange-traded products, which may have contributed to increased demand and reduced circulating supply. Additionally, the proposal for new monetization tools on the XRP Ledger and positive market sentiment following news that the SEC case is nearing its conclusion have likely supported bullish momentum. The funding rate reaching -0.023%—the lowest in 2025—suggests an increase in short positions, potentially fueling a short squeeze as the price rose.

Currently, XRPUSDT trades at 2.2708 with a 24-hour trading volume of approximately $3.89 billion and a circulating supply of about 59.07 billion XRP, reflecting strong market activity and positive investor sentiment amid ongoing consolidation and anticipation of a potential breakout.