13.02.2025 06:45
Okay, here's a re-written version of the news excerpt, aiming for distinct sentence structures and enhanced language:
**XRP Gains Ground Amidst ETF Anticipation, Sets Sights on $5**
Fueled by burgeoning speculation surrounding the potential approval of a spot Exchange Traded Fund (ETF), XRP has experienced a notable surge, climbing over 3% in the last 24 hours. While it hasn't yet surpassed the $2.50 mark, positive sentiment is clearly influencing the market.
The resurgence has propelled XRP back into the top three cryptocurrencies by market capitalization, overtaking Tether's USDT, which now sits in fourth position. This reordering of the market occurred as XRP's value climbed to $2.47, marking a considerable rise within a single day.
The recent price action is largely attributed to increasing optimism concerning the approval of a spot XRP ETF in the United States. FOX Business reporter Eleanor Terrett drew attention to a chart created by Bloomberg ETF analysts Eric Balchunas and James Seyffart, hinting that the Securities and Exchange Commission (SEC) might formally address Grayscale's 19b-4 filing for an XRP ETF as early as Thursday, February 13th, which is usually the time the agency takes to respond to a filing.
Seyffart has also suggested that the SEC might consider acknowledging ETFs for Dogecoin, alongside XRP, on Thursday. According to historical trends, the approval of such a fund could act as a substantial catalyst, potentially driving XRP's price as high as $5. Notably, Grayscale originally submitted its filing on January 20th.
