XRP Surges 3.72% to New Highs as $16.5B Volume and Major Coinbase Transfer Fuel Rally

XRPUSDT experienced a 3.72% price increase over the past 24 hours, rising from 3.4460 to 3.5741 on Binance. This upward movement is attributed to strong trading activity, highlighted by a 25.5 million XRP transfer to Coinbase and a 5.28% increase in futures contract activity, as well as a recent breakout above the $3.00 resistance level. The surge follows XRP reaching a new all-time high of $3.66, supported by robust trading volumes (up to $16.5 billion reported across platforms) and positive sentiment from technical indicators such as the MVRV ratio "golden cross." However, some caution is noted due to a decline in new investor participation, which could impact momentum. Currently, XRP trades at 3.5741 with a market capitalization between $207.5 billion and $211.1 billion, maintaining strong interest and liquidity in the market.