XRP Surges 5.48% as Ripple-BNY Mellon Partnership Fuels Bullish Momentum and $5.6B Trading Volume

XRPUSDT has experienced a notable price increase of 5.48% over the past 24 hours, with the current price at 2.5480 on Binance. The primary driver of this upward movement is the announcement of Ripple's partnership with BNY Mellon, which will serve as the primary custodian for the reserves backing Ripple's RLUSD stablecoin. This development has generated bullish sentiment and increased trading activity, further supported by ongoing SEC regulatory reviews for a potential spot XRP ETF and significant large-scale XRP transfers to exchanges. Trading volume has been robust, exceeding $5.6 billion, and XRP’s market capitalization remains above $147 billion, reflecting strong market interest and positioning XRP among the top cryptocurrencies.