XRP Surges 2.98% as Nasdaq Index Addition and Ripple Lawsuit Drive Record Trading Volumes

XRPUSDT has experienced a 2.98% price increase over the past 24 hours, currently trading at $2.2401 on Binance, with a 24h open of $2.1752. This recent price movement can be attributed to several key factors: the addition of XRP to the Nasdaq Crypto US Settlement Price Index, continued large-scale accumulation by major holders (over 190 million XRP acquired in the past week), and heightened market anticipation ahead of the upcoming Ripple lawsuit decision on June 16, 2025, which is expected to provide regulatory clarity. Additionally, speculation regarding a potential XRP spot ETF and notable token movements by Ripple have contributed to increased trading activity and investor interest. Market metrics show robust liquidity, with 24-hour trading volumes ranging from approximately $929.53 million to $2.77 billion and a market capitalization between $133.54 billion and $216.97 billion, positioning XRP among the leading cryptocurrencies by value. Despite the appearance of a "death cross" on the 4-hour chart, which is typically a bearish technical signal, the overall sentiment remains influenced by ongoing legal and institutional developments.