XRP Surges 2% as EVM Sidechain Launch and ETF Approvals Drive Institutional Momentum

XRPUSDT is currently trading at 2.2431, reflecting a 2.04% increase over the last 24 hours, with a 24-hour open of 2.1983. The recent price rise is primarily attributed to Ripple's launch of an EVM sidechain on the XRP Ledger, which has heightened institutional and DeFi interest, as well as increased trading volume and technical momentum. Additional upward pressure comes from the approval of ProShares XRP futures ETFs and the upcoming listing of XRP futures on CME, both of which have expanded institutional exposure and fueled positive sentiment. Ongoing legal developments, including Ripple's withdrawal of its cross-appeal in the SEC case and anticipation around the July 3, 2025, SEC meeting, are contributing to market optimism and increased activity. Market capitalization stands near $132 billion, with 24-hour trading volume around $3.62 billion, and XRP is testing key resistance levels as analysts watch for potential further gains or consolidation.