XRP Surges 3.11% After U.S.-Listed ETF Launch Amid Fed Rate Cut Expectations and High Trading Volume

XRPUSDT saw increased volatility over the past 24 hours, with the price rising 3.11% to $1.9091 on Binance after opening at $1.8515. The recent price movements are primarily attributed to heightened trader activity following the launch of two U.S.-listed XRP ETFs and a broader rebound in response to renewed expectations of a potential Federal Reserve interest rate cut. Despite an initial sharp decline to a low of $1.82 amid broader market sell-offs and a loss of $1.28 trillion in overall crypto market capitalization, XRP rebounded as trading volumes surged and investor interest remained high. Concerns over possible MSCI index exclusions and macroeconomic factors such as U.S. monetary policy continue to influence short-term sentiment and price action.

Currently, XRP is trading at $1.9091 on Binance with a 24-hour volume of 258.33 million XRP (496.33 million USDT), while overall market capitalization is approximately $115.02 billion and circulating supply is about 60.26 billion coins.