XRP Surges 6% as ProShares Ultra XRP ETF Launch and Genius Act Fuel Institutional Demand

XRPUSDT has risen by 6.04% in the last 24 hours, with the current price at 3.4407 USDT on Binance. The price surge is primarily attributed to the recent launch of the ProShares Ultra XRP ETF (UXRP) on the NYSE, anticipation of the upcoming ProShares XRP ETF launch in the U.S., and broader market optimism following the passage of the Genius Act by the U.S. House of Representatives. Increased institutional interest, as evidenced by a significant rise in open interest for XRP futures and notable accumulation by large investors, has further supported the upward momentum. Over the past day, XRP traded between 3.15 and 3.66 USDT, with robust trading volumes and a market capitalization of approximately $206.5 billion, ranking it among the top three cryptocurrencies by market cap.