XRP Surges 3.93% as Whale Accumulation, Institutional Demand, and Apex Summit Drive Momentum

XRP is currently trading at $2.2498 on Binance, reflecting a 24-hour increase of 3.93% from an open of $2.1648, with trading volume between $1.77 billion and $2.39 billion and a market cap near $128.49 billion. The price rise over the past day is primarily attributed to heightened activity from long-term holders, as evidenced by a record 337 billion Coin Days Destroyed and significant transfers to cold wallets and escrow, alongside growing institutional demand, optimism around potential ETF approval, and anticipation of major announcements at the upcoming XRPL Apex Developer Summit. These factors, combined with recent positive legal developments and increased whale accumulation, have contributed to renewed market confidence and upward price momentum for XRP.