XRP Surges 4.91% as BNY Mellon Custody Deal, Whale Accumulation, and SEC News Boost Momentum

XRPUSDT has experienced a 4.91% price increase over the past 24 hours, rising from 2.3900 to 2.5073 on Binance. The positive price movement is primarily attributed to several key developments: Ripple's announcement of BNY Mellon as the primary custodian for RLUSD stablecoin reserves, renewed whale accumulation activity, and favorable legal news regarding Ripple's ongoing SEC case. These factors have contributed to heightened trading volume and investor confidence, with large holders increasing their XRP positions and technical indicators signaling strong buying interest.

Currently, XRPUSDT is trading at 2.5073 with a 24-hour trading volume of approximately $5.20 billion and a market capitalization of about $148.26 billion, ranking it as the fourth largest cryptocurrency. The asset has shown notable volatility, with a 24-hour price range between 2.3508 and 2.4613, and remains 32.05% below its all-time high.