XRP Surges 5% Amid $41M Liquidations, Major Accumulation, and Regulatory Momentum Boost

XRPUSDT experienced a 5.07% price increase over the last 24 hours, rising from 2.8676 to 3.0129, driven by heightened trading activity following the sale of over 719 million XRP and more than $41 million in long position liquidations. Additional factors contributing to the price movement include significant accumulation by large holders, Ripple’s transfer of 250 million XRP to an unknown wallet, and the locking of 700 million XRP in escrow, which may have influenced supply dynamics. Regulatory developments, such as ongoing SEC-related actions and a recent White House report signaling a favorable stance toward digital assets and DeFi, have also impacted sentiment. The integration of XRP into Lytus Fintech’s NexFi platform and strong trading volumes, particularly in the Korean market, further supported the bullish momentum. Currently, XRPUSDT is trading at 3.0129 with a 24-hour volume between $4.81 billion and $7.66 billion, a market cap near $177.5 billion, and remains the third-largest cryptocurrency by market capitalization.