XRP Price Rises 20% In 24 Hours: Why Is XRP Rising?

XRP XRP/USD is up 20% over the past 24 hours, riding high on bullish sentiment around altcoins.

Trade Notes: Crypto trader Brandon Hong noted in a post on X on Friday that Ripple has recaptured its “litigation wick,” meaning the local high of 75 cents set in 2023 when Ripple received a positive court ruling.

The trader notes that after surpassing the $1.10 level, XRP has pushed to $1.60, giving traders looking for an entry another opportunity before trying to reach a new record high, which he calls “ the final boss.”

Influential businessman DonAll outlined his price targets in a tweet on November 13, setting $1.90, a new all-time high, and $6.90 as potential future goals.

Community News: Ripple on Wednesday announced plans to invest in the recently rebranded Bitwise Physical XRP exchange-traded product.

managing director Brad Garlinghouse said that XRP stands out as “a cornerstone for those seeking access to assets that are resilient and have real-world utility.”

The news comes as asset manager WisdomTree filed to establish a trust entity in Delaware as a preliminary step toward launching an XRP exchange-traded fund.

An XRP ETF would mark the third major cryptocurrency ETF after Bitcoin and Ethereum.

Although no filings have been filed with the SEC, potentially friendlier regulation under the incoming Trump administration is generating excitement in the broader financial industry.

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