XRP Surges 5.24% as SEC Drops Appeal, ETFs Hit $50M AUM, and Institutional Demand Soars

XRPUSDT has experienced a notable price increase of 5.24% over the last 24 hours, rising from 2.9028 to 3.0550 on Binance. This upward movement is primarily attributed to renewed investor confidence following the SEC's decision to drop its appeal in the Ripple case, providing legal clarity for XRP. Additional positive drivers include Ripple's application for a federal bank charter, the launch and strong performance of new XRP ETFs (notably 3iQ's XRPQ surpassing $50 million AUM), and record trading volumes for XRP futures on CME. Increased institutional interest is further evidenced by a surge in whale accumulation and a significant rise in futures open interest.

Currently, XRP is trading at 3.0550 USDT with a 24-hour trading volume between $7.89 billion and $9.32 billion, and a market capitalization estimated at $178–181.44 billion. The asset has shown strong volatility, with a 24-hour high of $3.10 and a low of $2.88, reflecting heightened trading activity and sustained market momentum.