XRP Surges 7.25% as Ripple Acquisition and ETF Filings Spark Institutional Momentum

XRPUSDT has experienced a notable 7.25% price increase over the past 24 hours, rising from 2.1827 to 2.3409 on Binance. This upward movement is primarily attributed to renewed institutional interest following Ripple's acquisition of Palisade and ongoing discussions around potential XRP spot ETFs, including recent filings by Franklin Templeton and Grayscale. Additionally, the market is reacting to high volatility and significant liquidations across the broader cryptocurrency sector, with XRP futures open interest decreasing by about 15% in the past week, indicating reduced speculative activity. Despite recent selling pressure and a period of extreme market fear, XRP has shown resilience, with strong trading volumes between $5.47 billion and $10.80 billion and a current market capitalization estimated between $141 billion and $146 billion. The asset is trading within a consolidation range, with technical indicators suggesting early signs of a bullish rebound as buyers return near key support levels.