XRP Soars 5.70% as Deutsche Bank, RLUSD Listing, and $45M ETF Inflows Boost Market Momentum
XRPUSDT experienced a 5.70% price increase over the past 24 hours, with the current price at 1.4945 on Binance. The uptick is primarily attributed to positive news including the listing of Ripple's RLUSD stablecoin on Binance, expanded custody and staking support for ETH and SOL, and Deutsche Bank’s collaboration with Ripple and SWIFT to enhance cross-border payments. Additionally, net inflows of $45 million into XRP spot ETFs and declining XRP exchange reserves to their lowest level since 2018 have contributed to improved market sentiment. XRP is consolidating near short-term moving averages amid robust trading volume of approximately $2.34 billion and remains ranked as the #4 cryptocurrency by market capitalization, currently around $90.13 billion.