XRP Surges 2.2% on Binance Amid $4.3B Volume, ETF Outflows and Legal Developments
XRPUSDT experienced notable volatility in the last 24 hours, with the price rising by 2.20% to 1.9506 USDT on Binance, supported by a surge in trading volume to $4.3 billion. The price increase is primarily attributed to heightened market optimism amid a broader rally in major cryptocurrencies, intensified trading activity, and technical buying after defending the 1.87 support level. However, the market also saw over $40 million in long position liquidations after a breach of support and net outflows of $53.32 million from US crypto ETFs related to spot XRP, ranking third behind Bitcoin and Ethereum. While mixed technical signals persist, the market is closely watching ongoing legal developments and potential ETF launches, with the asset currently ranked #5 by market capitalization at $118.4 billion and a circulating supply of 60.79 billion XRP.
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