XRP Surges 2.37% as ProShares Ultra XRP ETF Approval Sparks Institutional Momentum and High Trading Volumes

XRPUSDT has experienced a notable price increase over the past 24 hours, primarily driven by the approval of the ProShares Ultra XRP ETF, a 2x leveraged futures-based fund, for listing on NYSE Arca. This development, widely regarded as a significant step toward institutional adoption, has fueled strong bullish sentiment and increased trading activity. Additional market volatility was observed following the release of U.S. CPI data at 2.7%, slightly above expectations, which contributed to broader market movements.

Currently, XRPUSDT is trading at 2.9686 on Binance, reflecting a 2.37% gain over the last 24 hours with a 24-hour open of 2.8999. Trading volume remains robust, with recent figures ranging from $5.5 billion to $9.7 billion, and market capitalization is approximately $174.9 billion. The asset has shown strong momentum, with prices consolidating just below the $3.00 resistance level after a week of significant gains.