XRP Surges 7.86% as ETF Launch, Lawsuit Update, and Technical Upgrades Ignite $3.67B Volume
XRPUSDT’s 7.86% price increase over the past 24 hours (current price: $2.3305 on Binance) is primarily attributed to renewed optimism surrounding the anticipated Ripple vs. SEC lawsuit update, the upcoming launch of a spot XRP ETF on the Toronto Stock Exchange, and recent technical upgrades including EVM support and USDC integration on XRPL. These developments have driven a significant surge in trading activity, with 24-hour volume reaching approximately $3.67 billion and market capitalization standing at $130 billion. XRP is trading above its 200-day SMA ($1.91) and near its 50-day SMA ($2.28), with immediate support at $2.01 and resistance at $2.45, reflecting a cautiously bullish outlook amid heightened volatility linked to pending legal and institutional catalysts.