Ripple's native cryptocurrency, XRP, has broken away from the downward trend seen in the market due to Bitcoin's failure to reach $100K. XRP has emerged as a top gainer while other major cryptocurrencies have either seen losses or minimal gains. The US Securities and Exchange Commission (SEC) accepting filings from Grayscale for spot XRP exchange-traded funds (ETFs) has contributed to this decoupling. The surge in XRP futures open interest and derivatives volume suggests a significant move is expected. XRP's price has increased by 17% in the past 24 hours, helping it recover recent losses. The XRP price surge has resulted in the liquidation of millions of dollars worth of long and short bets, with a majority being short bets. Ripple CEO Brad Garlinghouse has hinted at upcoming progress in US crypto regulation after meeting with lawmakers in Washington DC.



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