XRP, the cryptocurrency associated with Ripple, experienced a surge in price, gaining more than 7% and reaching $2.69, after growing optimism surrounding XRP exchange-traded fund (ETF) filings in the US. The SEC has formally acknowledged ETF applications from WisdomTree and Canary Capital, joining other financial firms that have filed for XRP ETFs. Meanwhile, Brazil's Securities and Exchange Commission (CVM) has granted approval for Hashdex's Nasdaq XRP Index Fund, potentially making it the world's first spot XRP ETF. The approval could establish Brazil as a leading jurisdiction for Ripple's financial products. In addition, Brazilian financial services provider Braza Group is planning to launch a stablecoin pegged to the Brazilian Real on the XRP Ledger. XRP's bullish outlook has yet to push it past the critical $3 mark, and technical analysis suggests the upward momentum may be slowing.



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