XRP Surges 3.53% as Institutional Interest Grows After ProShares Ultra XRP ETF Approval

XRPUSDT has experienced a 3.53% price increase over the last 24 hours, trading at 2.9743 on Binance. This upward movement is primarily attributed to heightened institutional interest and increased trading activity following the SEC’s approval of the ProShares Ultra XRP ETF, with trading set to begin on July 18, 2025. Anticipation around the upcoming SEC decision on the REX-Osprey Spot XRP ETF and Ripple’s application for a national bank charter have further fueled positive sentiment and market participation.

The last 24 hours saw XRPUSDT trade between 2.85 and 2.99, with substantial trading volumes ranging from $5.79 billion to $7.57 billion, reflecting strong market engagement. XRP’s market capitalization stands near $174–176 billion, supported by a circulating supply of approximately 59.13 billion tokens.