#XRPETF In line with this, several major asset managers, including 21Shares and Bitwise, are awaiting SEC approval for their XRP ETFs. The market views this move as an important signal that XRP is increasingly gaining institutional recognition, especially after XRP was legally declared not a security in some of its cases against the SEC last year.

The current price of XRP is stable around $0.62, with daily trading volume increasing by nearly 8%. Some analysts estimate that if the XRP ETF gets the green light in the US, the price of XRP could potentially strengthen above $1 in the short term.