After November elections, XRP surged by 54.65%, now trading at 2.31 USD. This growth boosted its market cap to 132.3 billion USD with a 270% quarterly increase. It establishes XRP as a significant player in the cryptocurrency market.
There is growing interest in the approval of XRP ETFs, which may significantly impact XRP’s adoption and valuation. Firms like Bitwise and WisdomTree have filed for ETF approval, potentially drawing more investors to the XRP domain.
XRP ETFs provide easier access and better investor protection but face challenges such as limited trading hours and indirect ownership. Approval may trigger a strong buying wave, as institutional investors will need to acquire XRP for supporting funds.