Well, color me surprised! The XRP Ledger (XRPL) ecosystem is putting on quite the show, with its favorite crypto critters leading the market’s gainers as the sun peeks over the horizon on this fine Sunday morning.
In just seven fleeting days, XRP has moonwalked 11.8%, while Sologenic (SOLO) and Coreum (COREUM) have rocketed 21.6% and 21.4%, respectively! Who needs gravity when you’ve got such stellar growth, eh?
This cosmic rally leaves Polkadot (DOT) and Kusama (KSM) in the dust, with their modest 3.4% and 2.9% gains. It seems like XRPL-based assets are the real space explorers here!
Built for intergalactic cross-border payments and asset tokenization, XRPL is a decentralized blockchain with a built-in space-line exchange (DEX), trust lines for asset issuance, and sidechains for expanded functionality. The ecosystem is expanding faster than a supernova, with non-fungible token (NFT) support, smart contract integration (Hooks), and DeFi applications gaining traction.
Ripple, a key contributor to XRPL, has been driving institutional adoption, while the XRPL Foundation and developer community continue to enhance the network’s capabilities. The recent surge in XRPL-related tokens suggests growing confidence in its ecosystem as tokenization, payments, and DeFi innovation accelerate.
So, why this sudden interest in XRP? Well, the U.S. Securities and Exchange Commission (SEC) recently acknowledged Grayscale’s 19b-4 filing for an XRP exchange-traded fund (ETF). Analysts now project a surge in institutional investment if and when it’s approved. Polymarket bettors like the odds, with an 81% chance of approval this year, according to Cointelegraph. JPMorgan analysts also reported that a spot XRP ETF could bring in up to $8 billion in institutional money. If the XRP ETF gets the green light, it’ll rank alongside Bitcoin and Ethereum as a top cryptocurrency attracting institutional investors.
Grayscale plans to transform XRP Trust into a tradable ETF, once approved. The conversion would increase liquidity and accessibility for investors all around the universe!
The SEC’s acknowledgment is one step in the approval process. Ripple CEO Brad Garlinghouse’s recent D.C. escapades have certainly helped boost the chances. He’s been rubbing elbows with politicos, and it looks like it’s paying off!
Walked away from an action-packed day in DC yesterday with the feeling that there is (finally) an incredible opportunity to advance meaningful bipartisan legislation that establishes clear, constructive and pro-innovation regulatory frameworks for crypto.
Thank you to these…
— Brad Garlinghouse (@bgarlinghouse) February 13, 2025
Currently, XRP’s price is trading at $2.78, with a 24-hour trading volume of $3.5 billion. As for the other top cryptocurrencies, here’s a look at their seven-day trajectories:
| CRYPTOCURRENCY | PRICE | 7-DAY GAINS +/- |
| Bitcoin (BTC) |
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2025-02-16 08:35