XRP Surges 6.5% on Binance as ETF Speculation and Institutional Interest Fuel Bullish Momentum

XRPUSDT experienced a 6.50% price increase over the last 24 hours, rising from a 24h open of 2.0207 to a current price of 2.1520 on Binance. This upward movement is primarily attributed to a strong rebound following recent technical volatility, with traders responding to bullish signals such as an ascending channel formation and a potential breakout above key resistance levels. Additional factors supporting the price change include heightened trading activity, ongoing speculation around regulatory developments—particularly the anticipated SEC decision on an XRP ETF—and continued institutional interest driven by Ripple’s expanding partnerships. Market sentiment remains cautiously optimistic, with high trading volume and consolidation near the $2 mark, while technical indicators suggest moderate volatility and potential for further upside if positive catalysts materialize.