XRP witnessed a surge in transaction volume, with over $5.37 billion worth of XRP transferred in the last 24 hours.
Large investors accumulated nearly 1 billion XRP within the same period, indicating increased confidence among institutional players.
Active XRP addresses skyrocketed by 620% in the past week, showing a significant uptick in adoption.
The ongoing legal battle between Ripple and the SEC, speculation about a potential spot XRP ETF, and favorable digital asset regulations contribute to XRP's rally.