XRP Surges 4.37% as U.S. ETF Approval Sparks Whale Accumulation and $5.88B Trading Volume

XRPUSDT is currently trading at 2.8456, reflecting a 4.37% increase over the past 24 hours according to Binance data. The recent price surge is primarily attributed to the approval of new U.S. altcoin ETFs, including one for XRP, which has boosted investor sentiment and driven significant trading activity. Additionally, broader bullish momentum in the cryptocurrency market and technical factors, such as XRP breaking out of a descending wedge pattern, have supported the upward movement. Despite some large holders reducing positions since May 2025, on-chain data shows continued accumulation among whale wallets, further reinforcing positive outlooks. XRP maintains a strong market position with a market capitalization near $167 billion, a 24-hour trading volume of approximately $5.88 billion, and a circulating supply of about 59.13 billion tokens.