Read

Spot

<ul>
 <li>XRP experiences a 3.2% surge, reaching $0.531 and signaling a potential reversal of fortunes in the market.</li>
 <li>The XRP Ledger achieves a significant milestone with 5.02 million distinct wallets, marking a 104% growth in three years.</li>
 <li>Speculation about the introduction of XRP ETFs gains traction, contributing to investor optimism.</li>
</ul>
<p>XRP has experienced a noteworthy surge of 3.2% in the last 24 hours, reaching $0.531. This uptick not only marks a potential reversal of fortunes for XRP but also sparks optimism among investors and enthusiasts.</p>
<p>One of the driving factors behind this surge is the impressive growth within the XRP ecosystem. The XRP Ledger (XRPL), a crucial component of the XRP network, has achieved a significant milestone.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/XRPLedger?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPLedger</a> now has 5.02M distinct wallets that hold more than 0 <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> coins, the most in its now 10+ years of public trading years. The #6 asset in <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> by market cap has more than doubled such wallets in 3 years (+104%) as the network expands. <a href="https://t.co/YZBcHsOuSS" rel="noopener noreferrer nofollow">https://t.co/YZBcHsOuSS</a> <a href="https://t.co/o0m6PKE0Re" rel="noopener noreferrer nofollow">pic.twitter.com/o0m6PKE0Re</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1751042416034074950?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Currently, it reports an impressive 104% growth in the last three years, with 5.02 million distinct wallets holding non-zero XRP coins. This expansion indicates a rising user base, establishing the XRP Ledger as a robust contender in the cryptocurrency market.</p>
<p>At the same time, speculations about XRP ETFs gaining momentum contribute to the positive vibes in the XRP market. Observers, including a crypto journalist, <a href="https://twitter.com/EleanorTerrett/status/1751066184487694714?s=20" rel="noopener noreferrer nofollow">emphasize</a> the potential need for a futures ETF as a precursor to an XRP spot ETF.&nbsp;</p>
<p>This speculation gains credibility as Ripple actively seeks a senior manager for business development in New York, with explicit references to “drive cryptocurrency-related ETF initiatives,” hinting at potential plans for an XRP ETF.</p>
<p>The potential approval of an XRP ETF is seen as a significant leap for the cryptocurrency. Drawing parallels with Bitcoin spot ETFs’ approval process, it may pave the way for broader market acceptance and regulatory approval, laying the groundwork for a spot ETF.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ripple-nyc-party-sparks-buzz-ipo-sec-settlement-and-more-on-the-horizon/" rel="noopener noreferrer nofollow">Ripple NYC Party Sparks Buzz: IPO, SEC Settlement, and More on the Horizon?</a></li>
 <li><a href="https://cryptonewsland.com/forbes-removes-controversial-article-predicting-xrps-rise-to-59472/" rel="noopener noreferrer nofollow">Forbes Removes Controversial Article Predicting XRP’s Rise to $59,472 – Bard AI Tracks the Buzz</a></li>
 <li><a href="https://cryptonewsland.com/crypto-legalization-buzz-china-russia-and-more-countries-embrace-crypto/" rel="noopener noreferrer nofollow">Crypto Legalization Buzz: China, Russia, and More Countries Embrace Crypto</a></li>
 <li><a href="https://cryptonewsland.com/good-news-for-xrp-holders-xrp-surges-3-4-and-claims-third-spot-in-social-buzz/" rel="noopener noreferrer nofollow">Good News for XRP Holders: XRP Surges 3.4% and Claims Third Spot in Social Buzz</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-8-4-trillion-shib-tokens-move-amid-shibarium-milestones/" rel="noopener noreferrer nofollow">Shiba Inu: 8.4 Trillion SHIB Tokens Move Amid Shibarium Milestones</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/xrp-soars-amid-milestone-achievements-and-etf-buzz/" rel="noopener noreferrer nofollow">XRP Soars Amid Milestone Achievements and ETF Buzz</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP Soars Amid Milestone Achievements and ETF Buzz

Crypto News Land

Other articles published on Jan 27, 2024

Exploring the Interplay Between U.S. Civil Unrest Speculations and Bitcoin Market Dynamics

Polygon gives tough competition to Ethereum on this front

Put Your Pocket Change Into Good Use With These 3 Cheap Cryptocurrencies for a Fortune by 2024

Honda Races in Life Beyond’s Metaverse With New Web3 Gaming

Magic Eden Gears Up for Multi-Chain Wallet Launch

Bitcoin ETF: GBTC Trading Volume Surpasses 10 Billion Mark

Join our free newsletter for daily crypto updates!