Ripple (XRP) surged on news of ETF registrations from major asset managers. As of the morning of the 11th, XRP was trading at $2.48, up approximately 9% from the previous 24 hours, maintaining a market capitalization of $152 billion.
Global asset management firms including Franklin Templeton, Bitwise, 21Shares, and CoinShares have confirmed that they have registered XRP spot ETFs with the United States Depository and Clearing Corporation (DTCC). While official SEC approval has not yet been granted, the DTCC registration is being interpreted as a preparatory step for listing and is being interpreted as a signal for institutional investors to enter the market.
Markets predict that with the end of the US government shutdown and the SEC's review schedule normalizing, approval by the end of this month is becoming more likely. Technically, the prevailing view is that the price will maintain the $2.25 support level and, if it breaks through $3.60, it could enter the $4 range.
Experts predicted that, “If ETF approval becomes a reality, Ripple will become the third major ETF after Bitcoin and Ethereum,” and that “with the inflow of institutional funds in full swing, it could lead to a recovery in the overall altcoin market.”
