The price of XRP has been steadily increasing over the past week, reaching a high of $2.83. This rise was partly influenced by the acknowledgement of the Grayscale XRP ETF filing by the U.S. Securities and Exchange Commission (SEC). The open interest in XRP also saw a significant surge, indicating new buying interest and potentially bullish sentiment among traders. However, analysts caution that the trading volume of XRP has not increased in line with the price and open interest, suggesting a degree of caution among investors. Another positive development is the SEC's acknowledgement of 21Shares' filing for an XRP ETF, adding to the number of asset managers looking to launch similar products. Traders have also shown interest in the futures market, with Bitget leading the way. As of now, the XRP price is at $2.81, and market observers are eagerly awaiting if the positive news can push the price closer to $3 in the long term.



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