XRP Surges 4.91% as Ripple SEC Case Developments and ETF Inflows Drive Market Momentum

XRPUSDT has experienced a 4.91% price increase over the past 24 hours, rising from a 24h open of 2.8602 to a current price of 3.0006 on Binance. This upward movement is primarily attributed to renewed optimism surrounding Ripple's ongoing case with the U.S. SEC, including anticipation of a closed-door SEC meeting on August 7 that may address the appeal in the Ripple case and the potential approval of XRP-spot ETFs. Additional positive sentiment has been driven by strong inflows into Teucrium's XRP ETF and the launch of the RLUSD stablecoin on the XRP Ledger and Ethereum. Technical analysis indicates XRP is testing key resistance near $3.00, with trading volume remaining significant and market capitalization estimated between $175 billion and $178 billion, reinforcing its position as the third-largest cryptocurrency by market cap.