XRP Surges 2.77% as Spot ETF Hopes and $40M Transfer Drive $6.16B Trading Volume

XRPUSDT has experienced a 2.77% price increase over the last 24 hours, with the current price at $3.2978 according to Binance. The recent price movement is primarily attributed to heightened optimism surrounding the potential launch of a spot XRP ETF and new use case explorations, such as Nature's Miracle Holding Inc. considering XRP for consumer payments and activities. Additionally, Ripple's release of XRP from escrow and a notable transfer of 40 million XRP between undisclosed wallets have contributed to increased market activity and volatility. XRP's 24-hour trading volume stands at $6.16 billion, with a circulating supply of approximately 59.31 billion XRP and a market cap of $195.72 billion. The asset has outperformed the broader market over the past week, reflecting strong investor interest and active trading.