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XRP, the native token of the XRP Ledger, has experienced a notable surge, climbing over 12% within a 24-hour period to reach $2.87, marking its highest price since December 3, 2024. This increase is largely attributed to growing speculation around the potential approval of an XRP exchange-traded fund (ETF), which has drawn significant attention from both retail and institutional investors.

Additionally, data from the analytics platform Santiment indicates a substantial accumulation of XRP tokens by large wallets, specifically those holding between 1 million and 10 million XRP. This trend suggests confidence among major holders in the token's future performance, further fueling its price appreciation.

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**Fun Fact Of The Day**

XRP was designed for fast and cost-effective cross-border transactions, with the ability to settle transactions in just 3-5 seconds.

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