XRP Surges 3.9% as BNY Mellon Custody, ETF Filings, and Grayscale Inclusion Boost Institutional Demand

XRPUSDT experienced a 3.90% price increase over the last 24 hours, rising from a 24-hour open of 2.3284 to a current price of 2.4192 on Binance. The primary drivers behind this positive price movement include Ripple's announcement of BNY Mellon as custodian for its upcoming RLUSD stablecoin, which has fueled institutional interest and market buzz, as well as the recent addition of XRP to Grayscale’s Digital Large Cap Fund and ongoing anticipation surrounding multiple pending spot XRP ETF filings in the U.S. Regulatory developments, such as new SEC guidance for cryptocurrency ETF approvals and the filing of a Blue Chip ETF including XRP, have also contributed to increased trading activity and positive sentiment.

In the past 24 hours, XRP has traded within a range of approximately $2.22 to $2.42, with substantial trading volume reported between $4.685 billion and $9.68 billion, and a market capitalization estimated between $130.97 billion and $142.85 billion. The circulating supply is around 58 to 59 billion XRP, and the asset continues to demonstrate strong liquidity and institutional engagement amid ongoing market developments.