XRP Surges 2.52% as Ripple’s Banking License Move and ETF News Fuel $2.3B Trading Boom

XRPUSDT experienced a 2.52% price increase over the past 24 hours, with the current price at 2.2705 USDT according to Binance data. This upward movement is primarily attributed to Ripple’s recent application for a U.S. national banking license, which has generated significant positive sentiment and increased institutional interest. Additional contributing factors include the SEC approval for the Grayscale Digital Large Cap Fund’s ETF conversion, which features XRP, and Ripple’s active management of its escrow holdings, including the release and re-locking of XRP for liquidity and ecosystem development. Trading volume surged to over $2.3 billion, and the market capitalization remains robust at approximately $134 billion, with sentiment indicators reflecting strong bullish momentum as XRP tests key resistance levels.