{"id":16945,"date":"2025-02-14T08:30:39","date_gmt":"2025-02-14T08:30:39","guid":{"rendered":"https:\/\/cryptd.in\/why-is-the-ripple-xrp-price-up-today-3\/"},"modified":"2025-02-14T08:30:39","modified_gmt":"2025-02-14T08:30:39","slug":"why-is-the-ripple-xrp-price-up-today-3","status":"publish","type":"post","link":"https:\/\/cryptd.in\/fr\/why-is-the-ripple-xrp-price-up-today-3\/","title":{"rendered":"Why is the Ripple (XRP) Price Up Today?"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">XRP surged 10%, breaking market stagnation and surpassing Tether (USDT) to become the third-largest cryptocurrency.<\/span><\/li>\n<li>Its resurgence occurred shortly after the US SEC acknowledged Grayscale\u2019s application to convert its XRP Trust into an ETF.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-92.jpg\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"alignnone size-full wp-image-383270\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-92.jpg\" alt=\"\" width=\"1201\" height=\"720\" \/><\/a><\/span><\/h2>\n<h2>Becoming a Top Performer Again<\/h2>\n<p><span data-preserver-spaces=\"true\">The cryptocurrency market hasn\u2019t shown much action in the past 24 hours, with most leading digital assets charting mild increases or consolidating at yesterday\u2019s levels (February 13).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, Ripple\u2019s XRP has defied the ongoing trend, with its price rising by 10% <\/span><span data-preserver-spaces=\"true\">on a daily scale<\/span><span data-preserver-spaces=\"true\">. <\/span><span data-preserver-spaces=\"true\">Currently,<\/span><span data-preserver-spaces=\"true\"> it trades at $2.68 (per CoinGecko\u2019s data), while its market capitalization surged past $152 billion.<\/span><span data-preserver-spaces=\"true\"> Thus, it became the third-biggest cryptocurrency, surpassing Tether (USDT).<\/span><\/p>\n<figure aria-describedby=\"caption-attachment-383298\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-5.png\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"wp-image-383298\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-5.png\" alt=\"Prix du XRP\" width=\"588\" height=\"400\" \/><\/a><figcaption class=\"wp-caption-text\">XRP Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Perhaps the<\/span><span data-preserver-spaces=\"true\"> most likely factor fueling the rally is the US SEC\u2019s <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nysearca\/2025\/34-102416.pdf\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">decision<\/span><\/a><span data-preserver-spaces=\"true\"> to acknowledge Grayscale\u2019s application to convert its XRP Trust into an exchange-traded fund (ETF).<\/span> <span data-preserver-spaces=\"true\">While this is a significant step forward, it does not guarantee the <\/span><span data-preserver-spaces=\"true\">approval of the product<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> The acknowledgment <\/span><span data-preserver-spaces=\"true\">is followed<\/span><span data-preserver-spaces=\"true\"> by a review process that usually takes up to 240 days, during which the regulator will thoroughly evaluate the filing before making a final decision.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A potential green light will give investors additional options to gain exposure to XRP without <\/span><span data-preserver-spaces=\"true\">the need to buy, store, or manage<\/span><span data-preserver-spaces=\"true\"> the asset directly.<\/span> <span data-preserver-spaces=\"true\">Le pr\u00e9sent<\/span><span data-preserver-spaces=\"true\"> could attract more people into the ecosystem and positively impact the price in the long run.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One person commenting on the SEC\u2019s recent move was Ripple\u2019s CEO \u2013 Brad Garlinghouse. He <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/bgarlinghouse\/status\/1890163508203147304\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">reminded<\/span><\/a> <span data-preserver-spaces=\"true\">that<\/span><span data-preserver-spaces=\"true\"> he has repeatedly said such a development was \u201cinevitable.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last year, the executive <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/heres-why-xrp-etf-is-inevitable-ripple-ceo-chips-in\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> that investors seek exposure to multiple cryptocurrencies (not only Bitcoin) via exchange-traded funds. Apart from a spot XRP ETF, he <\/span><span data-preserver-spaces=\"true\">also<\/span><span data-preserver-spaces=\"true\"> predicted that the SEC could approve products with Solana (SOL) and Cardano (ADA) as underlying assets.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Potential Impact on the Ripple v. SEC Case?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The aforementioned move by the regulator has sparked <\/span><span data-preserver-spaces=\"true\">huge<\/span><span data-preserver-spaces=\"true\"> enthusiasm across the XRP Army. Many believe the approval of the XRP ETF is now just a matter of time, while some have speculated that the SEC\u2019s positive stance could also transpire into the legal front.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The popular X user XRPcryptowolf <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/XRPcryptowolf\/status\/1890168639330119822\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">thinks<\/span><\/a><span data-preserver-spaces=\"true\"> the securities watchdog wouldn\u2019t have acknowledged Grayscale\u2019s ETF application \u201cunless they were for sure going to drop the XRP case.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To the uninitiated <\/span><span data-preserver-spaces=\"true\">ones<\/span><span data-preserver-spaces=\"true\">, the lawsuit between Ripple and SEC dates back to December 2020.<\/span><span data-preserver-spaces=\"true\"> Over the past few years, the company secured some partial court wins, <\/span><span data-preserver-spaces=\"true\">which seemingly tipped<\/span><span data-preserver-spaces=\"true\"> the scales in its favor.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, the crypto critic Gary Gensler (the previous Chairman of the SEC) <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/gary-gensler-officially-out-what-does-it-mean-for-ripple-xrp\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">vacated<\/span><\/a><span data-preserver-spaces=\"true\"> his post on January 20 and <\/span><span data-preserver-spaces=\"true\">was succeeded<\/span><span data-preserver-spaces=\"true\"> by Mark Uyeda, who has an entirely different stance on the industry. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Those changes have caused the Ripple community to predict a favorable resolution soon. <\/span><span data-preserver-spaces=\"true\">However, they should <\/span><span data-preserver-spaces=\"true\">keep in mind the complexity of the case<\/span><span data-preserver-spaces=\"true\"> and have <\/span><span data-preserver-spaces=\"true\">somewhat<\/span><span data-preserver-spaces=\"true\"> realistic expectations.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p>Le poste <a href=\"https:\/\/cryptopotato.com\/why-is-the-ripple-xrp-price-up-today-23\/\" rel=\"nofollow\">Why is the Ripple (XRP) Price Up Today?<\/a> est apparu en premier sur <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPatate<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR XRP surged 10%, breaking market stagnation and surpassing Tether (USDT) to become the third-largest cryptocurrency. Its resurgence occurred shortly after the US SEC acknowledged Grayscale\u2019s application to convert its XRP Trust into an ETF. Becoming a Top Performer Again The cryptocurrency market hasn\u2019t shown much action in the past 24 hours, with most leading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why is the Ripple (XRP) Price Up Today? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/fr\/why-is-the-ripple-xrp-price-up-today-3\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why is the Ripple (XRP) Price Up Today? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR XRP surged 10%, breaking market stagnation and surpassing Tether (USDT) to become the third-largest cryptocurrency. Its resurgence occurred shortly after the US SEC acknowledged Grayscale\u2019s application to convert its XRP Trust into an ETF. 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