XRP Surges 4% as Ripple Partners With BNY Mellon, Fuels Hopes for ETF and Institutional Growth

XRPUSDT has experienced a 4.01% price increase over the past 24 hours, trading at 2.3837 on Binance. The recent price surge is primarily attributed to Ripple’s announcement of a partnership with BNY Mellon, which will serve as custodian for Ripple’s new RLUSD stablecoin, driving increased optimism about XRP’s utility and institutional adoption. Additional factors contributing to bullish sentiment include speculation regarding a potential spot XRP ETF approval in the U.S. and Ripple’s CEO participating in a Senate hearing on market structure. Market activity remains robust, with 24-hour trading volume ranging from $3.30 billion to $4.30 billion and XRP maintaining a market capitalization of approximately $140.61 billion, ranking it #4 among cryptocurrencies.