A recent surge in XRP’s price has taken center stage, driven by speculation surrounding an anticipated SEC-approved Exchange Traded Fund (ETF). The crypto asset briefly broke the $3 mark, fueled by a 95% probability estimate from Bloomberg analysts regarding the ETF approval. This sudden increase raises questions about the legitimacy of this rise, particularly considering the XRP Ledger’s limited real-world adoption and the lack of strong underlying fundamentals. While the market eagerly awaits the SEC’s decision in October, anticipation is building for hybrid ETF/ETN products that could precede an official validation. 2% tokenization on the XRP Ledger shows a disconnect between speculative hype and practical application, prompting skepticism about sustained growth without robust adoption. A combination of factors like institutional interest (seen through increased futures trading), high open interest levels, and stablecoin activity contribute to this temporary surge. However, experts question whether this renewed energy can translate into long-term stability, especially if the ETF approval is not accompanied by substantial real-world use cases for XRP.