2024

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a significant development within the cryptocurrency market, the&nbsp;<a href="https://u.today/xrp-skyrockets-298-in-volume-as-xrp-price-surges-double-digits" rel="noopener noreferrer nofollow">price of XRP</a> has experienced a notable surge, climbing by over 14% in the past week. At its peak, the surge reached an impressive 22%, with the token's value soaring to $0.7. This surge has sparked discussion and speculation regarding the potential approval of an XRP exchange-traded fund (ETF). <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="99ece591-4d21-40a8-94d4-9516b9cfa3cf" src="https://u.today/sites/default/files/inline-images/xrppp_0.png">XRP to USD by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<a href="https://x.com/MHiesboeck/status/1767539200075714999?s=20" rel="noopener noreferrer nofollow">Martin Hiesboeck</a>, Head of Research at Uphold Inc, shared insights into this remarkable price run, suggesting that increased development efforts on&nbsp;<a href="https://u.today/mysterious-xrp-whale-who-keeps-withdrawing-millions-from-binance-revealed" rel="noopener noreferrer nofollow">XRP</a> following the lawsuit settlement are bearing fruit. Hiesboeck hinted at an imminent XRP exchange-traded product (ETP), stating, "There is life in the old girl."
<blockquote>
 We are finally seeing the fruits of increased development on <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> since the lawsuit was settled! An XRP ETP is around the corner too. There is life in the old girl.— Dr Martin Hiesboeck (@MHiesboeck) <a href="https://twitter.com/MHiesboeck/status/1767539200075714999?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 12, 2024</a>
</blockquote>
Brad Garlinghouse, CEO of Ripple, has also weighed in on the possibility of an XRP ETF. Drawing parallels to historical market trends, the executive expressed optimism, highlighting the potential for diversification within the cryptocurrency market. He emphasized Ripple's support for an XRP ETF, indicating its inevitability in the evolving landscape of digital assets.
<h2 dir="ltr" id="xrp-adoption">XRP adoption</h2>
Further fueling speculation is Uphold's significant holdings in XRP, totaling $1.53 billion. Data reveals that XRP accounts for approximately 27.62% of total transactions on the Uphold platform, exceeding 19.9 million transactions. This data underscores the enduring relevance and popularity of XRP among cryptocurrency investors.
As discussions surrounding the potential approval of an&nbsp;<a href="https://u.today/is-xrp-golden-cross-imminent" rel="noopener noreferrer nofollow">XRP ETF</a> continue to gain momentum, market participants eagerly await further developments. The prospect of an XRP ETF represents a significant milestone for the cryptocurrency market, potentially opening up new avenues for investment and adoption.

XRP ETF Coming? Uphold Research Lead Drops Hint

Table of Contents

U_Today

Other articles published on Mar 13, 2024

XRP Price Surge Predicted by Crypto Analysts

Analyst: Bitcoin To Peak By December At Over $200,000

Ether.Fi To Introduce ETHFI Token On Binance Launchpool Next Week

Ethereum Loses $4,000 Milestone Following Dencun Upgrade! Here’s The Next ETH Price Level

Bitcoin mining tax faces resistance from industry leaders

Are US Equities Headed for a Pullback? Examining Market Signals and Investor Sentiment

Join our free newsletter for daily crypto updates!