Ripple's native cryptocurrency, XRP, facilitates value transfers on the Ripple network. Its primary purpose is to act as a bridge between cryptocurrencies and traditional fiat currencies.
In the last 24 hours, XRP has recorded an 11.15% increase, making it one of the top-performing assets of the day.
The U.S. Securities and Exchange Commission (SEC) has accepted Grayscale's Spot ETF applications for XRP and Dogecoin (DOGE), moving the process to the second stage.
A 21-day public comment period has now begun, during which investors can share their opinions. XRP offers investors access without the need for direct purchases. Following the news, XRP's price may have experienced an increase.
