New Ripple XRP Price Surge to $3.40? What to Know
Ripple’s XRP cryptocurrency is eying yet another surge in the next cycle, perhaps inching towards a new all-time high. The XRP token is currently among the best-performing cryptocurrencies in the top 100 projects. Particularly, the coin is outshining Bitcoin (BTC) and Solana (SOL) in the daily and weekly charts. XRP has rallied 10% in the daily charts, 16% in the weekly charts, and 409% in the yearly charts. XRP’s latest rally is likely due to the US SEC accepting Grayscale’s 19b-4 application to convert their XRP Trust Fund into an ETF. The move may have led to a rise in investor sentiment. The SEC’s Bitcoin (BTC) ETF approval last year led to the underlying asset hitting a new all-time high. Investors probably anticipate a similar pattern for XRP. The SEC has accepted the application to convert the trust into an ETF. The move does not mean that an ETF has been approved for trade. With the coin on the upswing, investors and market experts suggest that Ripple’s XRP could be ...