XRP Soars 5.62% as BNY Mellon Partnership, Legal Win, and ETF Buzz Ignite $6.5B Surge

XRPUSDT has experienced a 5.62% price increase over the past 24 hours, currently trading at 2.5871 USDT on Binance. This upward movement is primarily attributed to Ripple’s announcement of BNY Mellon as the primary custodian for RLUSD stablecoin reserves, a favorable legal ruling confirming XRP is not a security, and increased speculation around potential XRP ETF approvals. These developments have driven a surge in trading activity, with 24-hour volume exceeding $6.5 billion and a 125% increase in trading volume, reflecting renewed investor interest and bullish sentiment. XRP now ranks as the 4th largest cryptocurrency by market capitalization, with its circulating supply at approximately 59.07 billion coins.