XRP Surpassed Bitcoin with ETF Filings

XRP Increased by 3.6%

XRP has recently gained 3.6%, reaching a level of $2.31. This increase occurred after surpassing the key resistance point of $2.28. Developments regarding ETFs (exchange-traded funds) and the growth of the network played a role in this rise.

Canary Capital Group's ETF Application

Canary Capital Group has taken a step closer to SEC (U.S. Securities and Exchange Commission) approval with its amended prospectus for the proposed XRP ETF. This situation has created a positive atmosphere among investors.

Increase in Institutional Interest

The price movements of XRP draw attention as an indication of strong institutional interest. Notably, significant volume increases and new wallet creation activities indicate a rising demand for XRP.