The cryptocurrency XRP is showing positive changes in the market, especially amid reduced price volatility.
Current XRP Price and Market Dynamics
As of now, the price of XRP is $2.12, up 3.5% over the past 24 hours, according to CoinMarketCap. Over the last week, the cryptocurrency traded without losses. Recently, XRP traded at $1.60, attracting investor attention.
Future of XRP: ETF Opportunity
Current trends indicate increasing interest in the potential launch of spot ETFs for XRP in the U.S. Although a full-fledged spot ETF is still pending, alternative products have been launched, which could positively impact XRP's price.
New Products and Their Impact on XRP Price
Recently, Teucrium introduced the country's first leveraged ETF, which has been gaining popularity since its launch. Also, Bitnomial launched an XRP futures ETF, capitalizing on the outcome of the Ripple v. SEC legal battle. ProShares is preparing a similar product to track XRP's price, which could contribute to its price growth.
XRP shows signs of recovery, and new financial products may contribute to further market growth. The following weeks will reveal how these new conditions affect prices.
