XRP Surges 6.11% as SWIFT Tests Ledger and Ripple Moves $600M for Institutional Activity

XRPUSDT experienced a 6.11% price increase over the last 24 hours, rising from 2.9084 to 3.0862 on Binance. This upward movement is primarily attributed to heightened market activity, including significant whale deposits to Binance and Ripple's transfer of $600 million worth of XRP, which on-chain analysts link to institutional or treasury management. Positive sentiment was further supported by news of SWIFT testing the XRP Ledger for cross-border payments and bullish forecasts from market analysts, although some technical indicators suggest caution due to a potential bearish pattern. XRP is currently trading at 3.0862 with a 24-hour volume of 232 million XRP on Binance, and its market capitalization stands at approximately $181.91 billion, ranking it third among cryptocurrencies.