XRP Surges 2% as PayPal Integration, ETF News, and DeFi Growth Drive $177B Market Cap

XRPUSDT is currently trading at 2.9960 on Binance, reflecting a 2.06% increase over the past 24 hours from an open of 2.9354. The recent price uptick can be attributed to several positive developments, including SBI Holdings’ application for a crypto ETF featuring XRP in Japan, the launch of the Flare Luminite wallet supporting XRP DeFi activities, and Ripple’s partnership with BDACs to expand XRP adoption in Korea. Additionally, PayPal’s announcement to enable US merchants to accept XRP and the surge in RLUSD stablecoin minting have contributed to renewed institutional and retail interest. Despite these advancements, technical analysis indicates that XRP remains under some bearish pressure, with resistance near $3.02 and support at $2.92, as recent trading sessions saw significant volume spikes and price consolidation. Over the last 24 hours, XRP has traded between approximately $2.90 and $3.16, with a market capitalization around $177 billion and a 24-hour trading volume ranging from $3.8 billion to $5.39 billion.