XRP Surges 2.9% as ETF Approvals, Major Listings, and BNY Mellon Partnership Boost Market Activity

XRPUSDT experienced a 2.90% price increase over the last 24 hours, rising from a 24h open of 2.3788 to a current price of 2.4477 on Binance. This upward movement is attributed to several key developments: the U.S. SEC's approval of Grayscale's Digital Large Cap Fund conversion into a spot ETF, which includes XRP, has improved market sentiment, while the SEC's efforts to streamline spot cryptocurrency ETF approvals and the acknowledgment of multiple XRP ETF filings have further fueled optimism. Additional positive factors include the announcement that BNY Mellon will serve as custodian for Ripple's RLUSD stablecoin reserves and HashKey Exchange's decision to list XRP for professional investors, both contributing to increased trading interest and volume.

Currently, XRPUSDT is trading at 2.4477 with a 24-hour trading volume exceeding $4.7 billion, reflecting strong market activity and positioning XRP among the top cryptocurrencies by market capitalization.