XRP, the sixth-largest cryptocurrency, has seen a significant surge in the past 24 hours, reaching its highest market capitalization since the 2021 bull market. This increase is attributed to the potential introduction of spot XRP exchange-traded funds (ETFs) in the US. XRP has gained 74.02% in the past week and is up 163.43% in the past month, currently trading at $1.40. Trading volume has also surged, with investors responding positively to comments from Ripple CEO Brad Garlinghouse. Bitwise plans to debut a spot XRP ETF in the near future, and WisdomTree has launched a cryptocurrency exchange-traded product backed by XRP. The Relative Strength Index indicates that the XRP price is being overbought but suggests the possibility of higher prices in the short and long term.



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