For the initial spell in several years, XRP reached $2 in value, which experts link to potential XRP-spot ETF approval. The native currency of Ripple continues attracting new interest after the SEC experienced leadership changes, while institutions file growing XRP applications. Yet some unanswered issues persist regarding the potential approval of the XRP ETF in April.

There is more institutional confidence. XRP emerges as the frontrunner in active crypto ETF application market after ProShares and Bitwise along with Greyscale joined the competition against it. The Commission may eliminate its appeal against Ripple due to the recent leadership change headed by Paul Atkins under Republican control within the SEC. The clearance of the XRP ETF would become possible after removing the current regulatory barrier thus allowing its launch this month.