Why is the Ripple (XRP) price raised today?

TL; D

• XRP increased by 10 %, breaking the market stagnation and crossing the rope (USDT) to become the third largest encrypted currency.
• Her return occurred shortly after the American SEC confessed to the Grayscale application to convert XRP confidence to ETF.

To become the best performance again

The cryptocurrency market has not shown many procedures during the past 24 hours, as most of the leading digital assets paint moderate increases or unification at yesterday’s levels (February 13).

However, Ripple’s XRP challenged the continuous trend, with a rise in 10 % increase On a daily scale. currently, It trades at $ 2.68 (per Coingecko data), while its market value increased 152 billion dollars. Thus, it became the third encoded currency, exceeding the rope (USDT).

maybe Most likely a worker nourishes the assembly is SEC in the United States resolution To recognize the Grayscale application to convert XRP confidence into a trading box (ETF). While this is an important step forward, it does not guarantee Product approval. Acknowledgment He follows Through the review process, which usually takes 240 days, during which the regulator evaluates the deposit precisely before making a final decision.

A potential green light will give investors additional options to gain exposure to XRP without The need to buy, storage or manage The original is directly. this It can attract more people to the ecosystem and positively affect the price in the long run.

One person commenting on the last SEC step is the CEO of Ripple – Brad Garlinghyus. he male Which – which He has repeatedly said that this development was “inevitable.”

Last year, the executive authority Claim Investors seek to be exposed to multiple encrypted currencies (not only Bitcoin) through the money traded on the stock exchange. Aside from the XRP ETF spot, it is also Expect that SEC can agree on products with Solana (Sol) and Cardano (Ada) as basic assets.

The potential effect on the Ripple V case. SEC?

The above step by the organizer raised the organizer huge Enthusiasm via XRP army. Many believe that the approval of XRP ETF is now a matter of time, while some have speculated that SEC’s positive position can also move to the legal front.

XRpcryptowol He thinks Securities had not recognized the Grayscale ETF application “unless you would definitely drop the XRP case.”

To beginners thatThe lawsuit between Ripple and SEC goes back to December 2020. Over the past few years, the company has won some partial victory for the court, It seems apparently The measures are in her favor.

In addition, the criticism of the encryption, Gary Ginsner (former head of the two salts Evacuated His position on January 20 and Succeed Written by Mark Oida, who has a completely different position on the industry.

These changes caused the Ripple to a favorable solution soon. However, they should Consider the complexity of the case and to some extent Realistic expectations.