Ripple’s XRP has drawn renewed attention in the crypto market as WisdomTree’s filing for an XRP-focused ETF fuels optimism. The digital asset surged in trading, with investors anticipating a potential breakout to its all-time high of $3.57, last reached during the 2018 bull run.
The ETF filing marks a significant step, reflecting growing institutional interest in XRP, particularly following Ripple’s partial victory in its legal battle with the SEC earlier this year. Market sentiment has shifted positively, with analysts suggesting that regulatory clarity and increasing adoption could push XRP to new heights.
While the broader crypto market remains volatile, Ripple bulls are betting on a favorable outcome for WisdomTree’s application, which could set a precedent for more XRP-related financial products. Traders are closely monitoring price action, with a breakout above key resistance levels seen as a potential catalyst for a sustained rally.
