XRP Hits $1.67 Amid Growing Optimism
Ripple’s XRP surged to $1.67, its highest price since 2021, fueled by speculation around a potential XRP ETF and upcoming changes at the SEC. The price reflects a 13.8% increase in a single day, signaling renewed investor interest.ETF Momentum Builds
Ripple CEO Brad Garlinghouse sees XRP ETFs as “inevitable,” following the approval of Bitcoin and Ethereum ETFs earlier this year. Recent developments, including WisdomTree’s XRP ETF registration and Ripple’s investment in a European XRP fund, further bolster confidence. U.S.-based ETFs for Bitcoin and Ethereum currently manage assets worth over $117 billion, hinting at growing institutional interest.Regulatory Clouds Start to Clear
XRP’s long-standing legal battles with the SEC have hindered its growth, but the departure of SEC Chair Gary Gensler in 2025 could mark a turning point. Ripple’s legal victories and the prospect of a more crypto-friendly administration add to the bullish sentiment. Despite challenges, XRP’s recent gains suggest a brighter future for the token.
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