XRP Surges 7.56% to New All-Time High as U.S. Futures ETF Launch and Regulatory Wins Drive Momentum

XRPUSDT has experienced a significant price increase of 7.56% over the past 24 hours, with the current price at 3.4375 USDT according to Binance data. This surge is primarily attributed to several key developments: the announcement and imminent launch of the first U.S.-based XRP futures ETF by ProShares, the passage of three crypto-related bills in the U.S. House of Representatives providing greater regulatory clarity, and heightened institutional interest reflected in increased whale transactions and record-high reserves. Additionally, XRP reached a new all-time high of 3.66 USDT, supported by a spike in large transactions and trading volume, as well as news of significant transfers by Ripple co-founder Chris Larsen.

Currently, XRPUSDT is trading with elevated volume and market capitalization, maintaining its position as the third-largest cryptocurrency. The asset’s strong performance outpaces the broader crypto market, with a 24-hour trading volume exceeding $23 billion and a circulating supply of approximately 59.18 billion XRP.