XRP Surges 2.37% as Institutional Inflows, ETF Approvals, and Futures Fuel Market Momentum

XRPUSDT experienced a 2.37% price increase over the past 24 hours, opening at 2.2737 and currently trading at 2.3277 on Binance. The price uptick is primarily attributed to recent institutional developments, including Guggenheim Treasury Services launching digital commercial paper on the XRP Ledger backed by U.S. Treasuries and a $10 million Ripple investment, as well as the introduction of Ondo Finance's short-term U.S. Treasuries product on the ledger. Additional momentum stems from regulatory progress, with ProShares Trust receiving SEC approval for three XRP futures ETFs and CME Group announcing plans to list XRP futures contracts. Market activity remains robust, with a 24-hour trading volume exceeding $2.8 billion and continued consolidation near key support levels, reflecting sustained buyer interest and resilience in the face of broader market volatility.