XRP gains amidst crypto market recovery, futures ETFs approval
- XRP climbs on Monday as traders digest the news of the SEC’s approval of ProShares XRP futures ETFs and their debut later this week.
- Bitcoin hovers around $95,000 amidst a market-wide recovery in crypto prices.
- Ripple President Monica Long killed the speculation surrounding an IPO.
XRP climbs over 3% on Monday, hovering around $2.33 at the time of writing. The rally is likely catalyzed by key market movers like XRP futures Exchange Traded Funds (ETFs) approval by the US financial regulator, the Securities and Exchange Commission (SEC), and a bullish outlook from technical indicators amid a broader crypto market recovery.
XRP holders awaited an announcement from Ripple regarding an IPO in 2025. However, Ripple…
