In the past 24 hours, XRP’s value increased by 4% to 2.32 USD, outpacing Bitcoin and Ethereum. This was partly driven by Ripple President Monica Long’s confidence in the imminent approval of XRP ETFs, following the approval of Bitcoin and Ethereum ETFs in 2024. Her statements create optimistic momentum in the market.
Ripple CEO Brad Garlinghouse’s dinner with Donald Trump sparked discussions and piqued interest in XRP. Ripple has received applications for XRP ETFs from firms such as 21Shares, leading to heightened speculation. The recent trading activity and potential ETF approvals have led to XRP’s significant price increase.