XRP's price movement today is largely influenced by the anticipation surrounding potential ETF approvals and recent regulatory developments. The cryptocurrency has been buoyed by the ongoing buzz about a possible XRP ETF, with CoinShares recently submitting an application to the SEC. This has instilled optimism among investors, as expectations grow for the CME Group to list XRP futures ETFs in early February. Additionally, Ripple's recent acquisition of Money Transmitter Licenses in New York and Texas has further fueled positive sentiment, as these licenses allow Ripple to expand its real-time global payment services using XRP.
The legal landscape also plays a significant role in XRP's current trajectory. The SEC's decision to remove Ripple-related civil actions from its website, as the case moves to the Court of Appeals, marks a critical stage in the ongoing legal battle. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have expressed confidence in overcoming the SEC's appeal, which seeks to overturn key aspects of a prior ruling. This legal progress, coupled with the regulatory optimism under the Trump administration, has contributed to XRP's upward momentum.
XRP's price has increased by 0.91% today, reaching $3.081249, with a high of $3.206028 and a low of $3.014600.