Overview
- XRP rose about 8.8% on the day to roughly $2.44 after a week trading near $2.20, reflecting stronger volume and sentiment.
- Issuers including 21Shares filed amendments that reportedly triggered a 20‑day SEC review window, which could allow automatic effectiveness if no objections are raised.
- Nine spot‑XRP funds now appear in DTCC records, with entries such as Franklin Templeton’s XRPZ and CoinShares’ XRPL signaling operational readiness rather than regulatory approval.
- Reports say Ripple secured a $500 million strategic funding round at an implied valuation near $40 billion, with backers including Fortress Investment Group, Citadel Securities, and Pantera Capital.
- Analysts attribute the rebound to ETF speculation, institutional interest, and signs of large‑holder accumulation, while emphasizing that final SEC decisions will determine any launches.