XRP Surges 2.51% Amid Ripple’s U.S. Banking License Bid and $3.6B Options Expiry Impact

XRPUSDT has experienced notable volatility over the past 24 hours, with a 2.51% price increase on Binance, rising from a 24h open of 2.2201 to a current price of 2.2758. This price movement is primarily attributed to heightened market activity following a $3.6 billion cryptocurrency options expiry, which increased volatility across major digital assets, and significant news that Ripple has applied for a U.S. national banking license. Additional factors influencing sentiment include the recent resolution of Ripple’s legal dispute with the SEC, ongoing discussions about a potential XRP ETF, and large-scale XRP transactions and escrow activities reported earlier in the week.

Currently, XRP is trading in the 2.21–2.28 range with a 24-hour high of 2.3109 and a low of 2.1928, and trading volumes remain elevated. The market capitalization is stable at around $131 billion, with a circulating supply of approximately 59 billion XRP. These developments, along with technical analysis debates and strong trading activity, are contributing to the dynamic performance of XRPUSDT.