XRP Surges 2.57% as Ripple’s U.S. Bank Charter Bid Sparks $7.73B Trading Volume Spike

XRPUSDT experienced a 2.57% price increase over the past 24 hours, with the current price at 2.2779 USDT on Binance. The primary driver of this price movement appears to be Ripple’s application for a U.S. national bank charter and a Federal Reserve master account, which has introduced heightened volatility and renewed investor interest. This regulatory development has led to increased trading activity, as evidenced by a 2.98% rise in open interest to $4.61 billion and an 8.26% increase in trading volume to $7.73 billion, alongside over 1.6 million XRP transactions in the past day. Strong buy walls between 2.2108 and 2.2211 USDT and a robust market capitalization of approximately $134.59 billion further underscore sustained demand and market confidence in XRP.