XRP Price Rises as SEC Acknowledges WisdomTree & Canary Capital ETF Filings

In Brief:

XRP jumps 7.5% after SEC acknowledges multiple ETF filings from WisdomTree and Canary Capital.

Brazil approves the world's first spot XRP ETF, adding to the bullish momentum.

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XRP surged to $2.71 after the SEC acknowledged new XRP ETF filings from WisdomTree and Canary Capital, signaling increased institutional interest. With multiple pending ETF applications and Brazil’s official approval of a spot XRP ETF, optimism is growing that XRP could soon have regulated investment exposure.

Despite the rally, analysts remain cautious, citing ongoing legal uncertainty with Ripple’s SEC case. However, as the SEC continues to approve altcoin ETFs, market sentiment suggests XRP could follow suit in 2025.

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