XRP Surges 2.84% as Major Transfers, SEC Case Progress, and Tokenization Drive Market Momentum

XRPUSDT has risen 2.84% over the past 24 hours, with the current price at 2.2763 USDT and a 24-hour trading volume between $1.37 billion and $2.54 billion. The price increase is primarily attributed to several key developments: a major transfer of 320 million XRP by SBI Holdings, ongoing speculation regarding a potential resolution in the SEC case against Ripple following a closed-door SEC meeting, and Ripple’s recent application for a U.S. banking license. Additionally, growing adoption of the XRP Ledger for real-world asset tokenization, as demonstrated by Mercado Bitcoin’s $200 million initiative, has further supported positive sentiment. These factors, combined with technical indicators suggesting a possible breakout and strong institutional activity, have contributed to XRP's outperformance and increased market confidence, with the asset reaching a 24-hour high of $2.29 and maintaining a market cap around $134 billion.