XRP Surges 12.38% as Whale Accumulation and BNY Mellon Partnership Drive Bullish Momentum

XRPUSDT has experienced a significant 12.38% price increase over the past 24 hours, now trading at 2.8043 USDT on Binance. This surge is attributed to a combination of factors, including a broader rally in the cryptocurrency market, increased accumulation by whale wallets (which now hold over 40% of the circulating supply), and heightened market activity as indicated by record numbers of large holders. Positive sentiment has been further supported by technical analysis confirming a bullish breakout, Ripple's announcement of BNY Mellon as the primary custodian for its RLUSD stablecoin reserves, and ongoing regulatory developments such as Grayscale's lawsuit against the SEC. XRP's trading volume has also seen a substantial rise, reflecting strong investor interest and solidifying its position among the top cryptocurrencies by market capitalization.