XRP (CRYPTO: XRP) is currently trading at approximately $2.26, down over 33% from its 52-week high of $3.39. This decline follows a year of significant growth but has seen limited activity recently, with a 2% decrease in the last three months as Bitcoin rose nearly 30%. XRP’s market cap stands at about $132 billion, significantly lower than Bitcoin’s $2.1 trillion and Ethereum’s $320 billion.
Investors are currently anticipating the approval of a spot price XRP exchange-traded fund (ETF), with analysts estimating an 85% chance of approval within the year. This potential development could legitimize XRP further in the eyes of investors and stimulate its market performance, though some suggest that the news may already be priced in.
