XRP has seen a significant price increase of 14% compared to Bitcoin and Ethereum, which have only gone up by 1% in the same timeframe. This surge in price is attributed to two key regulatory developments. Firstly, the SEC has acknowledged the NYSE's 19b-4 filing for Grayscale XRP ETF, signaling a potential approval in the future. Secondly, there are speculations that the SEC might drop the Ripple lawsuit, ending a four-year legal battle. These factors have improved the chances of XRP ETF approval, according to Bloomberg analysts. Additionally, Ripple's recent partnership with a major currency exchanger in Portugal and Japan's SBI Remit using XRP for cross-border payments have improved market sentiment around XRP.



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