XRP Surges 2.92% as Spot ETF Inclusion and $100M Corporate Adoption Boost Market Momentum

XRPUSDT has experienced a 2.92% price increase over the last 24 hours, with the current price at 2.2387 USDT according to Binance data. This upward movement is primarily attributed to positive developments such as the SEC’s approval of Grayscale’s Digital Large Cap Fund conversion to a spot ETF, which now includes XRP, and growing corporate adoption in Asia highlighted by Webus securing up to $100 million for an XRP-based treasury strategy. Additional factors include Ripple’s release of 500 million XRP from escrow as part of its regular supply management and ongoing legal and product developments, such as the rollout of a permissioned DEX on the XRP Ledger. Market activity remains strong, with 24-hour trading volumes between $2.94 billion and $3.88 billion and the price trading in a range of $2.16 to $2.28, reflecting sustained investor interest and volatility. XRP maintains a high market capitalization, currently estimated between $128.40 billion and $133.48 billion, with a circulating supply of approximately 59 billion coins.