XRP Surges 4.65% as SEC ETF Approval and Ripple Banking Move Drive $135B Market Cap

XRPUSDT has experienced a 4.65% price increase over the past 24 hours, rising from a 24h open of 2.1850 to a current price of 2.2867 on Binance. This upward momentum is primarily attributed to positive regulatory and institutional developments, including the U.S. SEC's approval of Grayscale's Digital Large Cap Fund (GDLC) conversion to a spot ETF with XRP comprising 4.8% of its holdings, and Ripple's application for a national banking charter from the OCC, signaling deeper integration with traditional finance. Additional factors supporting the price movement include Ripple's continued supply management by placing 300 million XRP into escrow and robust trading activity, with 24-hour volumes between $4.04 billion and $4.16 billion. XRP remains the #4 cryptocurrency by market capitalization, currently valued at approximately $135 billion, and has shown strong year-on-year growth, reflecting heightened investor interest amid ongoing regulatory developments and strategic partnerships.