XRP Surges 4.57% Amid Whale Selling, $4.57B Volume, and Ripple Legal Developments

XRPUSDT experienced a 4.57% price increase over the last 24 hours, rising from 2.9429 to 3.0774 on Binance, despite recent on-chain data showing significant selling activity by large holders and technical indicators signaling downward pressure. The price movement appears influenced by a combination of factors, including increased selling from whales, ongoing market volatility, and mixed sentiment from recent news such as discussions around a postponed XRP ETF, institutional developments at Ripple, and speculation regarding the Ripple v. SEC lawsuit.

Currently, XRP trades at 3.0774 with a 24-hour trading volume of approximately $4.57 billion and a market capitalization near $182 billion, reflecting heightened trading activity and volatility as the asset tests key support and resistance levels.