XRP Surges 4.77% as BNY Mellon Partnership and SEC Developments Fuel Market Momentum

XRPUSDT has experienced a 4.77% price increase over the past 24 hours, with the current price at 2.4477 USDT on Binance, driven primarily by positive developments including Ripple's announcement that BNY Mellon will serve as the primary custodian for its RLUSD stablecoin reserves and anticipation surrounding a scheduled SEC closed-door meeting to discuss the potential withdrawal of its appeal in the Ripple lawsuit. Additional contributing factors include Ripple CEO Brad Garlinghouse's testimony before the U.S. Senate advocating for clearer crypto regulation, the SEC's new expedited ETF approval framework, and strong trading activity linked to Binance's 8th anniversary promotions.

XRP currently trades at 2.4477 USDT with a 24-hour open of 2.3362 and a trading volume surge, positioning XRP as the fourth-largest cryptocurrency by market capitalization at approximately $144.9 billion, with a circulating supply of about 59 billion tokens and sustained strong market interest.