XRP Surges 2.24% Amid SBI’s 320M Token Move and Ripple’s Bank Charter Application

XRPUSDT is currently trading at 2.3100 on Binance, reflecting a 2.24% increase over the last 24 hours from an opening price of 2.2595. The price uptick is likely influenced by several recent developments, including significant token movements such as SBI Holdings' transfer of 320 million XRP, ongoing speculation around Ripple's legal proceedings with the SEC, and Ripple's application for a national trust bank charter. These events have contributed to heightened trading activity and market interest, as reflected in a 24-hour trading volume ranging from $1.22 billion to $9.68 billion. XRP remains the fourth largest cryptocurrency by market capitalization, with a circulating supply of approximately 59.07 billion coins and a market cap between $130 billion and $136 billion. The asset has shown a positive trend over the past week, supported by technical analysis suggesting potential for further gains if resistance levels are surpassed.