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XRP on the brink of 27% rally amid surge in crypto ETF filing activities

01/31/2025 04:10:00 GMT

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By

Michael Ebiekutan

XRP on the brink of 27% rally amid surge in crypto ETF filing activities

XRP shows signs of an uptick as asset managers could send a flurry of XRP ETF filings to the SEC next week.

The NYSE Arca submitted a 19b-4 for the conversion of Grayscale's XRP Trust to a spot ETF.

XRP continues consolidation within a bullish pennant amid a potential 27% rally.

Ripple's XRP is up 2% in the Asian session on Friday following the New York Stock Exchange (NYSE) Arca 19b-4 filing with the US Securities and Exchange Commission (SEC) for the conversion of Grayscale's XRP Trust into a spot ETF. The remittance-based token could see a 27% rally in the coming days as issuers will potentially send a flurry of XRP ETF filings to the SEC next week.