TL;DR
XRP briefly surpassed $2.80, driven by the SEC’s acknowledgment of 21Shares’ XRP ETF application.
Analysts predict further gains, with targets ranging from $2.94 to $3.03 if the price maintains momentum above key support levels.
The Rally Goes on
Ripple’s XRP has been at the forefront of gains in the past few days, outperforming most cryptocurrencies from the top 20 club. Its price charted another 8% increase on a 24-hour scale, briefly rising to a two-week high of $2.82 (per CoinGecko’s data) before slightly retracing to the current $2.76.
XRP Price, Source: CoinGecko
The US SEC’s decision to acknowledge 21Shares’ application to convert its XRP Trust into an exchange-traded fund (ETF) is the most likely factor fueling the pump.
Earlier this month, the securities regulator acknowledged a similar proposal filed by the world’s biggest digital asset manager – Grayscale.
The aforementioned developments mean the SEC has officially received the applications and
We współpracy z: https://cryptopotato.com/ripple-xrp-price-explodes-to-two-week-high-heres-why/
