XRP Surges 2% Amid Legal Clarity, Institutional Inflows, and Growing ETF Speculation
XRP is currently trading at $2.1569 with a 24-hour opening price of $2.1144, reflecting a 2.01% increase; 24-hour trading volume remains elevated, and the market capitalization stands near $128 billion, indicating active market participation and strong liquidity. The recent price movement and increased trading volume are primarily driven by heightened institutional activity following Ripple’s U.S. legal status announcement, anticipation surrounding the bipartisan Digital Asset Market Clarity Act in Congress, and positive sentiment from the upcoming yield program for XRP on a major U.S. exchange. Additional factors influencing price include ongoing legal developments with the SEC, rising speculation about a potential XRP spot ETF approval, and significant whale activity, all contributing to increased volatility and bullish momentum in the market.