XRP Surges 19% as Institutional Activity, ETF Launch, and Record Futures Drive $215B Market Cap

XRPUSDT has surged by 19.21% in the past 24 hours, with the current price at 3.6058 USDT according to Binance data. The sharp price increase is primarily attributed to heightened institutional activity, including a record $1.6 billion open interest in XRP futures on CME, the launch of the ProShares 2× XRP Futures ETF, and steady institutional accumulation around the ETF debut. Additional momentum was driven by a $26 million XRP transfer to Coinbase by Ripple co-founder Chris Larsen, speculation about a potential spot XRP ETF filing by a major asset manager, and Ripple’s recent application for a U.S. National Trust Bank charter. These developments, combined with XRP briefly surpassing Tether in market capitalization and robust legislative activity in the U.S., have fueled significant investor interest and trading activity.

Currently, XRP’s market capitalization exceeds $215 billion, with a 24-hour trading volume of approximately $20.59 billion and a circulating supply of about 59.18 billion tokens, reflecting strong market participation and a sustained upward trend.