XRP Surges 8% as Ripple’s Real Estate Deal, ETF Growth, and U.S. Crypto Bill Drive Momentum

XRPUSDT has experienced an 8.18% price increase over the past 24 hours, with the current price at 3.2348 USDT on Binance. This upward movement is primarily attributed to several recent developments: Ripple’s partnership with Ctrl Alt and the Dubai Land Department to enable tokenized real estate deeds on the XRP Ledger, increased institutional interest as evidenced by the 3iQ XRP ETF in Canada surpassing $50 million in assets under management, and anticipation surrounding the potential launch of multiple cryptocurrency ETFs, including for XRP, in 2025. Additional contributing factors include heightened derivatives market activity, new futures and perpetual contract listings on major exchanges, and positive sentiment following the passage of the Cryptos bill in the U.S. House of Representatives and the formation of a California tech task force involving Ripple.

Currently, XRP is trading between 3.07 and 3.27 USDT, with a 24-hour trading volume exceeding $14.5 billion and a market capitalization estimated between $175 billion and $192.8 billion, reflecting renewed trader interest and significant market momentum.