XRP Surges 2.66% as ProShares Ultra XRP ETF Listing Fuels Institutional Momentum and Market Volatility

XRPUSDT experienced a 2.66% price increase over the past 24 hours, trading at approximately $2.3112 on Binance. This upward movement is primarily attributed to heightened market interest following the listing of the ProShares Ultra XRP ETF on the DTCC platform, which signaled growing institutional readiness for XRP-related products. Additionally, technical indicators such as the "Golden Cross" pattern and ongoing discussions about a potential XRP ETF contributed to positive sentiment. Some caution remains due to increased on-chain transfers to centralized exchanges, suggesting potential profit-taking by holders.

Currently, XRP ranks #4 by market capitalization, with a circulating supply of around 59.07 billion coins and a market cap between $130.97 billion and $136.26 billion. The 24-hour trading volume on Binance is reported at $3.15 billion, with the price ranging from $2.22 to $2.35. The asset remains volatile as traders monitor resistance at $2.35 and developments related to ETF products and Ripple activities.