XRP Surges 2.83% as ProShares Ultra XRP ETF Approval Sparks Record Institutional Interest and Trading Volume

XRPUSDT has experienced a notable price increase of 2.83% over the last 24 hours, with the current price at 2.9991 USDT on Binance. The primary driver of this upward movement is the recent approval of the ProShares Ultra XRP ETF (UXRP) by NYSE Arca and the upcoming ETF launch, which has significantly boosted institutional interest and trading activity. Additional factors include heightened social media engagement from Binance’s 8th anniversary campaign and record open interest in XRP futures, with funding rates around 15% and evidence of whale accumulation in the $2.80–$2.87 range. Over the past day, XRP traded between 2.8034 and 3.0060 USDT, with a 24-hour trading volume between $6.02 billion and $7.26 billion and a market capitalization of approximately $176.15 billion, reflecting strong market participation and bullish sentiment around the $3 resistance level.