XRP Price Surge Sparks Debate: SEC Case, ETFs Drive Recent Movement

Ripple’s XRP token experienced a notable price surge recently, breaking above the $2.00 mark and climbing to over $2.22. This rise has sparked discussion within the cryptocurrency community, with several factors likely contributing to this recent market movement. 24-hour trading volume reached over $2.9 billion. 25% of XRP’s value is currently in the hands of institutional investors. Analysts suggest that the Nasdaq ETF update and the growing Ripple SEC case are key drivers of this price rally.