XRP Surges 5.97% as California Tech Task Force, Record Futures Interest Drive $20B Trading Boom

XRPUSDT experienced a 5.97% price increase over the past 24 hours, with the current price at 3.4408 on Binance. The recent price surge is attributed to heightened bullish sentiment following positive market developments, including the formation of a California tech task force involving Ripple, strong technical indicators suggesting a potential breakout, and ongoing legal developments between Ripple Labs and the U.S. SEC. Additionally, record open interest in XRPUSDT perpetual futures, reaching $8.8 billion (with Binance contributing $1.48 billion), and robust trading volumes exceeding $20 billion in the last 24 hours have contributed to increased market activity and upward price momentum. XRP’s market capitalization now exceeds $203 billion, supported by a circulating supply of approximately 59 billion tokens.