$XRP Another factor that triggered the XRP price upwards is the developments on the exchange-traded funds (ETF) side, which will allow institutional investors to buy XRP without any cryptocurrency exchange. Indeed, it is known that many giant companies that are currently issuing spot Bitcoin ETFs are knocking on the door of the US Securities and Exchange Commission (SEC) for XRP. There are new developments regarding the launch of XRP as an ETF.

According to the application made to the SEC by ETF issuer company ProShares, XRP's products with up to 2x leverage will meet investors in the traditional market. The new products green-lighted by the SEC include the Ultra XRP ETF, Short XRP ETF and Ultra Short XRP ETF. Analysts' expectation of approval is 80 percent