Ripple XRP Sees Major Surge in Price and Market Activity
Ripple's XRP token recently experienced a dramatic price surge, reaching a high of $3.6510, marking a 125% increase since April’s low. This rally has boosted XRP’s market capitalization to over $207 billion.
A major factor in this rise is the record-breaking growth in XRP’s futures open interest, which soared to $10.6 billion, up from $3.7 billion last month. Leading exchanges like Bitget, Binance, Bybit, Gate, and CME are driving this momentum.
In addition, Ripple’s new stablecoin, Ripple USD, launched in December, has reached a market cap of $532 million, getting closer to PayPal USD’s $847 million. This growth highlights increasing investor confidence and expanding interest in XRP and Ripple's ecosystem.
