The XRP ledger (XRPL) ecosystem is surged, with its top cryptocurrencies leading the market's winners in the early hours of its last Sunday morning.
Over the past seven days, XRP has risen to 11.8%, while Solmenic (Solo) and Coreum (Coreum) have risen by 21.6% and 21.4% respectively.
The rally highlights the growing momentum of XRPL-based assets, surpassing 3.4% and 2.9%, surpassing Polka Dot (DOT) and Kuma (KSM).
Built for fast, low-cost cross-border payments and asset tokenization, XRPL is a decentralized blockchain with built-in decentralized exchange (DEX), trust lines for asset issuance, and sidechains for extensions . Its ecosystem is expanding with Impossible Token (NFT) support, smart contract integration (hooks), and Defi applications that gain traction.
While Ripple, a major contributor to XRPL, is promoting institutional adoption, the XRPL Foundation and the developer community continue to enhance the network's capabilities. The recent surge in XRPL-related tokens suggests increased confidence in their ecosystems as tokenization, payments and Defi innovation accelerates.
why? First of all, the Securities and Exchange Commission (SEC) recently approved a Grayscale 19B-4 filing with the XRP Exchange Sales Fund or ETF.
Analysts are currently forecasting a surge in institutional investment if approved.
Polymakebetter like odds. According to CointeLegraph, there is a chance of 81% approval this year, according to a website where Crypto owners can gamble at real events.
JPMorgan analysts also reported that Spot XRP ETFs could bring in funds for facilities up to $8 billion. If the XRP ETF gets Greenlight it ranks alongside Bitcoin and Esiam (already approved by the ETF) – as the best cryptocurrency that attracts institutional investors.
Grayscale plans to convert XRP trusts into tradeable ETFs. Once the conversion is approved as improving liquidity and accessibility for investors around the world.
SEC approval is one step in the approval process. The fact that Ripple CEO Brad Garlinghouse is hobnoving with Politicos this week in Washington, DC certainly helped to boost the chances as well.
Currently, XRP is trading at $2.78, with a 24-hour trading volume of $3.5 billion. Check out our 7-day trajectory for other top cryptocurrencies.
| Cryptocurrency | price | 7 days Gain +/- |
| Bitcoin (BTC) | $97,514.17 | +0.3% |
| Ethereum (eth) | $2,699.44 | +1% |
| Solana (Sol) | $194.54 | -5.6% |
| Cardano (ADA) | $0.7837 | +10.4% |
| Dogecoin (doge) | $0.2704 | +4.6% |
| Shiba inu (Shibu) | 0.00001617 | -0.9% |
