XRP Price Surges 4% Ahead of XRPL Upgrade as Macro Sentiment Improves

XRP's price rose over 4% to $1.14 in the last 24 hours, outperforming much of the broader cryptocurrency market, driven by softer-than-expected U.S. inflation data that boosted risk appetite across digital assets.

The token’s market capitalization climbed to $70.8 billion while daily trading volume reached $1.69 billion. XRP's gains broadly mirrored Bitcoin’s rally, suggesting the move was driven more by improving macroeconomic sentiment than by any immediate XRP-specific catalyst.

Ripple's partnership with Bitso aims to enhance cross-border payments in the U.S.-Mexico corridor using MXNB and RLUSD stablecoins on the XRP Ledger. A recent pilot program demonstrated XRP's potential for rapid settlement, completing transactions in about five seconds compared to traditional systems.

The upcoming XRPL upgrade on June 15 is expected to improve transaction efficiency and support institutional adoption, despite current market sentiment being at a low.