XRP Surges 2.26% as Nasdaq Index Inclusion and $200K Web3 Grant Drive Institutional Interest

XRPUSDT is currently trading at $2.2772 on Binance, reflecting a 2.26% 24-hour price increase from an open of $2.2269. The recent price rally is primarily attributed to XRP’s inclusion in the Nasdaq Crypto US Settlement Price Index, signaling increased institutional adoption, and Ripple’s strategic partnership with Web3 Salon to launch a $200,000 grant initiative for Web3 startups in Japan, which has boosted market sentiment. Additional momentum comes from anticipation surrounding the upcoming SEC decision on an XRP spot ETF, scheduled for June 17, and a recent $487 million XRP transfer by Ripple that has drawn significant attention from investors. Over the past 24 hours, XRP has demonstrated strong trading activity and remains one of the top five cryptocurrencies by market capitalization, supported by heightened institutional interest, positive technical patterns, and ongoing developments in the Asian market.