XRP Surges 3.65% as Ripple Escrow Moves, Banking License Hopes, and Ledger Updates Drive Momentum

XRPUSDT experienced a 3.65% price increase over the past 24 hours, rising from 2.1967 to 2.2769 on Binance. The price change is attributed to several factors: Ripple’s recent escrow activity, with over 700 million XRP locked and 300 million XRP returned to Ripple, has drawn attention to token supply dynamics. Additionally, anticipation around Ripple’s application for a national banking license, ecosystem developments, new partnerships, and stablecoin integrations are contributing to positive market sentiment. The ongoing legal proceedings with the SEC and recent updates to the XRP Ledger have also kept XRP in focus.

Currently, XRPUSDT is trading at 2.2769 with a 24-hour trading volume between $3.04 billion and $3.89 billion, and a market capitalization estimated between $128.60 billion and $133.99 billion, reflecting strong activity and investor interest.