XRP Surges 9.46% as Ripple Partners With BNY Mellon and Joins Crypto Blue Chip ETF

XRPUSDT has experienced a notable 9.46% price increase over the last 24 hours, currently trading at 2.7999 on Binance. This surge is primarily attributed to Ripple's newly announced partnership with BNY Mellon, which will act as custodian for RLUSD stablecoin reserves, and the inclusion of XRP in a newly filed Crypto Blue Chip ETF alongside Bitcoin and Ethereum. Additional momentum stems from RLUSD's rapid growth to over $500 million in market capitalization since December 2024 and increased speculation around a potential spot XRP ETF, driving heightened institutional interest.

Market activity has intensified, with 24-hour trading volume reaching approximately $16.75 billion and market capitalization near $166.26 billion. XRP remains among the top cryptocurrencies, with a circulating supply of around 59.13 billion tokens and strong whale accumulation, as reflected by over 2,700 wallets each holding more than 1 million XRP.