XRP Surges 11% After Ripple’s $200M Acquisition and Stablecoin Expansion, Trading Volume Hits $9.61B

XRPUSDT has experienced an 11% price increase in the past 24 hours, rising from 2.9858 to 3.3141, with trading volume surging as high as $9.61 billion and market capitalization reaching up to $196.72 billion. The price change is primarily attributed to Ripple's $200 million acquisition of Rail to enhance stablecoin payments, positive sentiment following reports of a potential U.S. executive order allowing cryptocurrencies in 401(k) retirement plans, and Ripple locking 700 million XRP tokens. Despite significant whale selling and long position liquidations, strong buying activity and broader market optimism have supported the upward movement. XRP currently trades at 3.3141, with a circulating supply of approximately 59.31 billion coins, ranking as the third-largest cryptocurrency by market capitalization.