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XRP surges to a new 3-year high, boosted by ETF speculation

XRP records a new high: On Friday morning, XRP soared to 1.67 USD, marking its highest level in three years. Subsequently, the price stabilized at 1.66 USD, representing significant growth in the short term.

Expectations for XRP ETF: Demand for the XRP ETF intensified as WisdomTree filed for registration in Delaware. This is seen as a crucial step towards the approval of this product.

Legal situation and market impact: XRP’s price has been affected by ongoing legal tensions with the SEC since 2020. The departure of Chairman Gary Gensler and another SEC member could create opportunities for clearer regulations, boosting demand for XRP.

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