XRP Surges 2.54% as Senate Testimony, EVM Sidechain Launch, and $10.6M Inflows Drive Momentum

XRPUSDT has experienced a 2.54% price increase over the last 24 hours, with the current price at 2.3374 on Binance. This positive movement is attributed to several factors: Ripple CEO Brad Garlinghouse’s scheduled testimony before the U.S. Senate, which has heightened attention on XRP’s real-world utility in cross-border payments; the recent launch of the XRP Ledger’s EVM-compatible sidechain mainnet, which saw 1,400 smart contracts deployed in its first week; and notable institutional inflows totaling $10.6 million into XRP investment products. Additionally, open interest in XRP futures has risen by over 4% in the past day, exceeding $4.7 billion, indicating increased market participation. Trading activity remains strong, with 24-hour volume reaching up to $9.68 billion and the market capitalization standing at approximately $137.94 billion. Overall, the combination of regulatory developments, technological advancements, and institutional interest has contributed to the recent upward momentum in XRPUSDT.