XRP Surges 3.63% as SEC ETF Approval, Major Transfers, and EVM Sidechain Drive Trading Boom

XRPUSDT is currently trading at 2.2495 on Binance, reflecting a 3.63% increase over the past 24 hours from an opening price of 2.1708. The recent price movement is primarily attributed to significant developments, including the U.S. SEC’s approval of Grayscale’s Digital Large Cap Fund conversion to a spot ETF that includes XRP, a large transfer of over 25 million XRP to Coinbase, and Webus International Limited’s $100 million credit line agreement with Ripple Strategy Holdings. Additionally, Ripple Labs’ recent escrow activity—securing 400 million XRP—and the mainnet launch of the XRPL EVM sidechain have contributed to heightened trading interest and market activity. The 24-hour trading volume has shown a substantial increase, and XRP’s market capitalization remains among the top in the sector, with the circulating supply near 59 billion. Overall, XRP has experienced strong trading activity and upward price momentum, supported by both institutional developments and ongoing technological advancements.