XRP Surges 7.19% as Whale Activity, New Wallets, and Regulatory Optimism Drive Momentum

XRPUSDT has experienced a notable price increase of 7.19% over the last 24 hours, currently trading at 2.7633 USDT on Binance. This upward movement is primarily attributed to a technical breakout above a prolonged descending wedge pattern, increased investor interest reflected by a four-month high in new wallet addresses, and heightened activity from large holders ("whales"). Positive sentiment has also been supported by favorable regulatory outlooks for Ripple in the U.S. and Asia-Pacific, as well as ongoing developments involving Grayscale Investments and the SEC. In the past day, XRP ranked as the third-largest cryptocurrency by market capitalization, with a robust 24-hour trading volume exceeding $16 billion and a circulating supply of approximately 59.13 billion tokens. The most active trading pair remains XRP/USDT on Binance, which saw a volume of over $1.78 billion in the last 24 hours.