XRP Surges 11% After SEC Lawsuit Resolution, $200M Acquisition, and Global Institutional Expansion

XRPUSDT has surged 11.37% in the past 24 hours, with the current price at 3.3381 USDT on Binance. The price increase is primarily attributed to the resolution of Ripple's long-standing SEC lawsuit, which has provided regulatory clarity and boosted investor confidence, as well as Ripple's $200 million acquisition of the stablecoin platform Rail to strengthen its stablecoin infrastructure. Additional factors contributing to the rally include increased institutional interest, notably Galaxy Digital's expanded holdings, and the introduction of new XRP custody services in South Korea and ETF filings in Japan. Trading volume remains robust, with Binance reporting over 954 million USDT in 24-hour volume, and XRP's market capitalization has reached approximately $198 billion, ranking it as the third-largest cryptocurrency by market cap.