XRP Token Sees Surge in Trading Amid Binance Anniversary, Ripple-BNY Mellon Deal, and SEC Progress

XRPUSDT has experienced notable price fluctuations over the past 24 hours, with the current price at 2.7239 USDT on Binance, reflecting a 2.19% decrease from the 24h open of 2.7850. The recent price movements have been influenced by several key factors: Binance’s 8th anniversary promotion featuring XRPUSDT has driven increased trading activity, while positive news from Ripple—including its partnership with BNY Mellon for RLUSD stablecoin custody, the application for a U.S. banking license, and progress in the SEC lawsuit—has supported overall market sentiment. Additionally, broader market momentum, highlighted by Bitcoin reaching a new all-time high, has contributed to increased volatility and trading volumes for XRP.

Currently, XRPUSDT is trading at 2.7239 with strong 24-hour trading volumes and a market capitalization of approximately $165.33 billion, making it the third-largest cryptocurrency by market cap, though it remains below its all-time high of $3.40.