XRP Surges 3.59% as Whale Activity and BNY Mellon Partnership Drive Record Wallet Growth

XRPUSDT has experienced a 3.59% price increase over the past 24 hours, currently trading at 2.8327 USDT on Binance. This upward movement is primarily attributed to several recent developments, including Ripple's partnership with BNY Mellon for RLUSD stablecoin custody, whale-driven buying activity, and the launch of new XRP-powered cloud mining services. Additionally, the number of XRP wallets holding over 1 million coins has reached a record high, signaling growing investor confidence. Trading volume remains robust, with over 261 million XRP traded on Binance in the last 24 hours, and the asset’s market capitalization stands near $168 billion. The price has shown strong volatility, reaching a high of 2.97 USDT and a low of 2.66 USDT in the same period, consolidating above key support levels and outperforming the broader cryptocurrency market.