XRP Sees 32% Monthly Surge Amid $33M Volume Spike and SEC Legal Update Anticipation

XRPUSDT experienced a 2.31% price decrease over the past 24 hours, with the current price at 2.9864 USDT according to Binance data. The decline follows a period of heightened market activity, including a 35% increase in open interest, higher margin trading, and positive funding rates, which indicate strong speculative interest. A notable $33 million volume spike and increased movement of previously dormant coins, as shown by a 13% decrease in average coin age, suggest active trading and repositioning by market participants. The ongoing legal proceedings with the SEC and anticipation of the August 15 status update continue to influence sentiment, while technical analysis points to strong buyer interest above the $3.00 level. Over the last 30 days, XRP has seen a significant price increase of over 32%, supported by $31.2 million in investment product inflows and substantial 24-hour trading volume of approximately $5.73 billion, with a market capitalization of around $180 billion and a circulating supply of 59.31 billion XRP.