XRP Surges 2.68% as ETF Launch and SEC Lawsuit Developments Drive $12.47B Trading Volume

XRPUSDT has experienced a 2.68% price increase over the past 24 hours, with the current price at 2.9246 USDT on Binance. This upward movement is primarily attributed to positive market sentiment surrounding speculation about the SEC potentially dropping its appeal in the Ripple lawsuit, as well as broader bullish trends in the cryptocurrency market, including Bitcoin reaching new highs. Additional factors contributing to the momentum include increased derivatives market activity, with open interest rising by nearly 12% to $8.3 billion, and anticipation of the upcoming ProShares XRP Futures ETF launch. XRP saw a 24-hour trading range between approximately 2.76 and 3.03 USDT, with a trading volume exceeding $12.47 billion and a market capitalization near $173 billion, reflecting strong investor interest and active market participation.