XRP Surges 10.84% as Whale Accumulation, ETF Approval, and U.S. Legislation Drive Market Rally

XRPUSDT has experienced a notable price increase of 10.84% over the last 24 hours, rising from 2.9499 to 3.2698 on Binance. This surge is primarily attributed to significant whale accumulation, including large transfers such as 70 million XRP to Coinbase and a total of 2.2 billion XRP purchased by major holders in the past two weeks. Additional positive drivers include optimism surrounding U.S. crypto legislation, particularly the advancement of the GENIUS Act, and anticipation of a favorable resolution in Ripple's ongoing SEC case. The approval of the ProShares Ultra XRP ETF (UXPR) has also contributed to bullish sentiment.

Currently, XRP is trading at 3.2698 with a 24-hour trading volume exceeding $9.1 billion, and its market capitalization is estimated between $184 billion and $192 billion, ranking it among the top three cryptocurrencies by market cap. The asset has outperformed the broader market over the past week, with strong trading activity and increased open interest in perpetual futures contracts.