The US Securities and Exchange Commission (SEC) has acknowledged Grayscale's 19b-4 filing for an $XRP ETF, paving the way for potential approval. This development could lead to a surge in institutional investment, with JPMorgan analysts predicting up to $8 billion in institutional money.

XRP's price is expected to rally with ETF approval, potentially increasing liquidity and accessibility for investors worldwide. Currently, $XRP trades at $2.71, with a 24-hour trading volume of $5.6 billion.

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