XRP surged 6.57% in 24 hours to hit $2.58, driven by BlackRock-backed XRP ETF speculation and progress in the Ripple-SEC legal battle.
Renewed speculation of a BlackRock-backed XRP ETF and signs of progress in the Ripple-SEC lawsuit fueled the surge.
XRP's breakout above $2.50 resistance led to increased buying interest, with technical indicators signaling further potential growth towards $2.73 and $2.96.
Trading volume spiked by 29% to $6.8 billion, reflecting strong market momentum. XRP faces key resistance at $2.73, with potential for continued price growth based on regulatory and institutional developments.