XRP Surges 2.5% as Investor Accumulation Hits Two-Year High and $500M Transfers Boost Momentum

XRPUSDT experienced a 2.50% price increase over the last 24 hours, rising from 2.7955 to 2.8655 on Binance. The price surge is primarily attributed to strong buying pressure over the weekend, with traders purchasing over 10 million XRP in a short period and investor accumulation reaching a two-year high. Additional factors include the adoption of the XLS-0070 credentials amendment on the XRP Ledger, which enhances institutional compliance, and significant transfers of over $500 million in XRP by Ripple and related wallets. Institutional interest is further supported by the upcoming Ripple Swell 2025 event featuring BlackRock’s Maxwell Stein. The market remains volatile, with a 24-hour trading volume of approximately $3.41 billion and XRP holding a market capitalization near $170.77 billion, ranking among the top cryptocurrencies.