XRP Surges 2% as 600 Million Tokens Withdrawn and NexFi Integration Boosts Market Confidence

XRPUSDT is currently trading at 3.0011, reflecting a 2.05% increase over the past 24 hours, with a 24h open of 2.9407. The recent price uptick can be attributed to several factors: significant on-chain activity with over 600 million XRP withdrawn from exchanges, including a notable 20 million XRP transfer from Upbit to an unidentified wallet, which may have reduced immediate selling pressure. Additionally, positive developments such as Lytus Fintech integrating XRP into its NexFi platform and the White House's recent report on cryptocurrencies have contributed to improved sentiment. Despite ongoing legal proceedings involving Ripple Labs and the SEC, and concentrated ownership among top wallets, XRP has shown resilience near key support levels, with buyers attempting to stabilize the price above $2.94. Over the last 24 hours, XRP traded between $2.84 and $3.11, with a trading volume of $4.9 billion and a market capitalization of $177.7 billion, maintaining its position as one of the leading cryptocurrencies by market cap.