XRP back on the map

': Grayscale’s filing for XRP ETF in Federal Gazette could be the next bullish signal - TheStreet Crypto: bitcoin and cryptocurrency news, tips, analysis and more.

': Grayscale’s filing for #XRP #ETF in Federal Gazette could be the next bullish signal - TheStreet Crypto: bitcoin and #cryptocurrency news, tips, analysis and more. The U. S. Securities and Exchange Commission (SEC) is expected to decide the fate of Grayscale’s proposed XRP exchange-traded fund (ETF) by October this year, following Thursday’s filing in the Federal Register.XRP has recently made a comeback in the cryptocurrency sector, with some analysts attributing it to political and social factors. XRP is back on the map thanks to the Trump deal and an enthusiastic XRP army community, Sapien co-founder Trevor Kovaco told TheStreet Crypto.token price also reflects Bank of America’s internal trading.However, some analysts caution against being overly optimistic. Jackson Denka, CEO of Azura, told TheStreet Crypto, "XRP has a cyclical spike in price and then a sharp drop. Until we see their blockchain actually adopted and making real progress, it’s hard to argue that this price is sustainable.Amidst this uncertainty, President Donald Trump recently expressed optimism about his policies supporting cryptocurrencies, and #Ripple Labs shared an article on TruthSocial that talks about the company’s expanding presence in the United States. In the article, Ripple Labs CEO Brad Garlinghouse claims that the company has increased the number of employees in the U. S. and dramatically ramped up business operations right after the November 2024 presidential election. The article also claims that Trump’s re-election caused the price of XRP to rise by more than 300%.the SEC’s high-profile lawsuit against Ripple over the legal classification of the XRP cryptocurrency has become a major topic of discussion in the cryptocurrency community.Read us at: Compass Investments