#XRP

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𝙒𝙝𝙮 𝙄𝙨 𝙓𝙍𝙋 𝙋𝙧𝙞𝙘𝙚 𝙍𝙞𝙨𝙞𝙣𝙜 𝙏𝙤𝙙𝙖𝙮?

XRP price surges past $2.32 as ETF odds hit 90%, Upbit volume spikes, and Ripple equity goes on-chain via XRPL.

XRP price has broken above the $2.32 resistance zone rising by 2.5%, driven by XRP ETF approval odds, surging trading activity on Upbit, and large inflows into derivatives markets.

Consequently, XRP trading volume and market capitaization as per CoinMarketCap, surged by 75% and 2.5% respectively to $3.88B and $137.48B.

On Polymarket, the odds of XRP ETF approval by 2025 increased by 19% hitting 90%. The rally comes amid reports that the U.S. Securities and Exchange Commission is poised to push out the 240-day 19b-4 procedure with a single approach that would cut the time substantially.

This new rule could reduce the approval time to just 75 days. An executive from an ETF firm told Reuters that exchanges may submit filings under the new structure within weeks. The potential change would benefit applications linked to Solana, XRP, Dogecoin, and other digital assets awaiting review.

Growing expectations for inclusion in the next batch of approvals have increased market activity around XRP and contributed to its price gains. Moreover, Ripple and the SEC are reportedly moving to dismiss their ongoing appeals, signaling the possible end of a 4-year XRP lawsuit.

XRP trading volume on South Korean exchange Upbit surged to $1.94 billion in a single hour, vastly outpacing Binance’s $90 million. This massive spike coincided with a 2.36% price rise, pushing XRP above the key $2.28 resistance zone.

Whale activity has also returned with earlier today, 219.8 million XRP worth $500 million moved between unknown wallets. Such transactions are often linked to repositioning by large holders.