XRP Surges 2.14% as REX-Osprey Spot ETF Approval Sparks $5.98B Trading Volume and Major Inflows

XRPUSDT experienced a 2.14% price increase in the last 24 hours, with the current price at 3.1168 USDT on Binance. The price movement is primarily attributed to heightened market activity following the approval and upcoming launch of the REX-Osprey Spot XRP ETF in the US, which has driven significant inflows of XRP to exchanges, including over 610 million tokens to Binance. Additional factors influencing the price include positive US inflation data impacting overall crypto sentiment, robust growth in the XRP Ledger’s DeFi ecosystem, and increased institutional interest highlighted by Ripple’s partnership with BBVA in Europe. The market remains active, with a 24-hour trading volume of $5.987 billion USD and XRP maintaining its position as the third-largest cryptocurrency by market capitalization.