XRP Surges 2.09% as EVM Sidechain Launch, $10.6M Inflows, and Banking License Drive Momentum

XRPUSDT has experienced a 2.09% price increase over the past 24 hours, with the current price at 2.3168 according to Binance. The recent price movement is primarily attributed to several positive developments: Ripple's release of 500 million XRP in July 2025, the launch of the EVM sidechain enabling Ethereum-style smart contracts on the XRP Ledger, and Ripple's application for a U.S. national banking license. These factors, along with rumors of a potential XRP-spot ETF and strong institutional inflows totaling $10.6 million for the week, have contributed to increased bullish sentiment and higher trading activity.

Market activity remains robust, with a 24-hour trading volume of up to $3.12 billion and a market capitalization around $136.56 billion. XRP is consolidating above a key support level at $2.20, and analysts are monitoring for a potential breakout above $2.30, which could drive further upward momentum. The asset's performance is being closely watched amid technical signals indicating both possible volatility and overbought conditions.