XRP Surges 2.72% as ProShares Ultra XRP ETF Launch Sparks Record $8.8B Futures Interest

XRPUSDT has experienced a 2.72% price increase over the past 24 hours, with the current price at 3.5231 USDT according to Binance data. The recent price movement is primarily attributed to heightened market enthusiasm following the launch of the ProShares Ultra XRP ETF, the first XRP-linked ETF on a major U.S. exchange, which has driven significant trading activity and institutional interest. Additional momentum stems from speculation about a potential spot XRP ETF and increased open interest in XRP perpetual futures, which reached a record $8.8 billion. The announcement of the California Breakthrough Project at Ripple’s headquarters has also contributed to institutional engagement. Despite technical resistance near the 3.448 level, XRP has maintained strong trading volumes, with 24-hour volume ranging from $6.31 billion to $8.07 billion and a market capitalization of approximately $209 billion, reflecting sustained investor interest and a broader upward trend over the past week.