XRP Surges 2.17% as Ripple Bank Charter Bid and Escrow Moves Fuel $1B Trading Boom

XRPUSDT has experienced a 2.17% price increase over the last 24 hours, rising from 2.2270 to 2.2753 on Binance. This upward movement can be attributed to several recent developments: Ripple's application for a U.S. national bank charter, ongoing optimism regarding regulatory clarity and the Ripple vs. SEC case, and continued institutional and retail accumulation as indicated by on-chain data. Additionally, Ripple's recent token management actions, including the partial release and relocking of escrowed XRP, have contributed to a perception of responsible supply management, supporting positive sentiment. Increased trading activity, with a 71.60% surge in volume and strong performance relative to the broader crypto market, further underscores bullish momentum.

Currently, XRP is trading at 2.2753 with a 24-hour volume exceeding $1 billion, a market capitalization of approximately $134 billion, and a circulating supply of about 59 billion tokens, maintaining its position as the fourth-largest cryptocurrency by market cap.