XRP Surges 4.21% as Exchange Reserves Drop and Buyer Strength Grows Amid SEC Uncertainty

XRPUSDT has risen by 4.21% over the past 24 hours, with the current price at 3.0699 USDT on Binance. The price increase is primarily attributed to a combination of technical factors, including a rebound from the $2.9460 support level and signs of renewed buyer strength as indicated by higher lows in the Relative Strength Index. Additionally, a decline in exchange reserves by 7.57% and a drop in leverage ratios suggest large holder withdrawals and reduced risk appetite, which may have contributed to lower selling pressure and supported the recent price recovery. Ongoing uncertainty regarding the SEC's appeal in the Ripple case and delays in spot ETF approval continue to influence market sentiment, but strong trading volume (over $6.33 billion in the last 24 hours) and XRP's position as a top-three cryptocurrency by market capitalization underscore sustained market interest.