XRP may not be the biggest cryptocurrency, but a post from a top crypto trading platform Bitrue shows a hint that more is possibly ahead for the coin
Popular Singapore-based crypto exchange Bitrue has stirred excitement in the XRP community with a cryptic post on X.
Since the post went live, it has generated widespread discussion among XRP enthusiasts, with many predicting possibilities for the third-largest crypto exchange.
XRP ETF Filings Drive Price Surge
According to the post on X, Bitrue asserted that lots of new developments are happening in the Ripple Lab XRP native token.
“If you pay attention, there’s a lot going on for XRP.”
Notably, the tweet quickly spread among the XRP community, creating speculation about upcoming changes that could impact XRP’s price and adoption. For example an account posited if just half of the anticipated outcomes for XRP come to fruition, those who got in early will look like geniuses.
While a lot of positive comments have been shared as a result of the tweet, a concerned user said they hope the changes turn out fine, as they bought the currency and it’s dipping.
According to the account, “I hope so… I bought it a couple of weeks ago, and it’s gone way down since.”
SEC Acknowledges XRP ETF Filings
Meanwhile, this week has been absolutely industrious for the Ripple Lab franchise. For example, one of the most important recent events is the U.S. Securities and Exchange Commission (SEC) acknowledging ETF filings for XRP.
On Thursday, the SEC reported that it had received an application from Grayscale, leading to a 12% jump in XRP’s price. The momentum continued the next day when 21Shares’ XRP ETF filing was also acknowledged, pushing weekly gains to 17% and bringing XRP closer to reclaiming the $3 mark.
Interestingly, these filings have spurred positivity that the SEC’s position on XRP may be reaching a new phase. Under previous leadership, the regulator was quick to reject altcoin ETFs. However, with acting Chairman Mark Uyeda now overseeing decisions, some analysts believe the agency could even settle the long-running Ripple lawsuit.
Ripple Expands Its Reach as Institutional Interest Grows
In addition, Ripple Lab recently revamped its website, restating its plans and strategy for the “Internet of Value” and digital asset innovation.
Interestingly, all references to Central Bank Digital Currencies (CBDCs) were removed, leading some to speculate that Ripple is pivoting away from CBDC-related initiatives due to regulatory concerns.
This week also saw another distinguished growth for the entity. The company entered a new partnership with Portugal’s largest currency exchange, tightening XRP’s use in international and regional transactions.
Likewise, in Japan, SBI Remit has further integrated XRP into its international payment services, reinforcing the token’s role in global remittances.
It’s also worth noting that institutional interest in XRP is increasing. Renowned Japanese energy company Remixpoint recently acquired $3.9 million worth of XRP and Dogecoin, increasing its crypto holdings by over 13,000% since early 2024.
This situation for the Ripple Lab software company is driving a lot of positive market sentiment. Crypto enthusiasts, experts, and even whales closely monitor the developments to see how things will turn out in the coming weeks.
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