XRP (up 11.1%) is surging in Friday’s trading, outperforming Bitcoin (+1.1%) and Ethereum (+3.3%). The rally follows news that the SEC acknowledged Grayscale’s application for an XRP ETF, marking a pivotal step toward potential approval.
Key Drivers Behind XRP’s Rally
1. SEC Acknowledges Grayscale’s XRP ETF Filing
The SEC’s notice confirms receipt of Grayscale’s proposal to list an XRP-backed ETF. While approval isn’t guaranteed, this signals regulatory consideration—a positive shift for altcoins previously rejected by the SEC.
2. Implications for Ripple Labs’ Legal Battle
The SEC’s acknowledgment may hint at dropping its lawsuit against Ripple Labs, which alleges XRP was sold as an unregistered security. A favorable outcome could bolster XRP’s legitimacy and adoption.
3. Political Tailwinds
- New SEC Leadership: Chair Mark Uyeda (appointed in 2025) is viewed as pro-crypto, potentially easing regulatory pressures.
- U.S. Digital Asset Reserve: Reports suggest President Trump may include XRP in a national crypto reserve, further fueling bullish sentiment.
FAQ: XRP’s Surge Explained
Q: Why is XRP outperforming Bitcoin and Ethereum today?
A: The SEC’s acknowledgment of a potential XRP ETF and optimism around Ripple’s legal case are driving demand.
Q: Could the XRP ETF be rejected?
A: Yes. The SEC’s notice doesn’t guarantee approval, but it’s a critical first step.
Q: How does political change affect XRP?
A: Pro-crypto SEC leadership and potential U.S. reserve inclusion could accelerate adoption.
Future Outlook
With regulatory hurdles potentially easing and political support growing, XRP could see sustained momentum. Analysts speculate the token may reach new highs in 2025.
👉 Explore crypto investment strategies to capitalize on XRP’s volatility.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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