XRP Surges 4.75% as ETF Approval, Whale Activity, and BNY Mellon Partnership Drive Momentum

XRPUSDT has experienced a 4.75% price increase over the past 24 hours, rising from 2.3819 to 2.4951 on Binance. This upward movement is primarily attributed to heightened regulatory optimism following the SEC’s move to shorten ETF approval periods and enhanced disclosure requirements, as well as Grayscale’s SEC-approved ETF conversion, which includes XRP. Additional positive sentiment stems from Ripple’s partnership with BNY Mellon as custodian for RLUSD and a surge in whale activity, with wallets holding over 1 million XRP reaching near-record levels and new addresses at a four-month high.

Currently, XRP is trading at 2.4951 with a 24-hour trading volume exceeding $4.56 billion, marking a significant increase in both price and market activity and placing XRP among the top-ranked cryptocurrencies by market capitalization.