# XRP Climbs 10% Against the Grain: What’s Causing the Surge?
* XRP is exceeding all other leading digital currencies.
* The US SEC is examining five XRP ETFs.
* Market analysts consider XRP ETF authorization extremely probable.
This week has been significant for XRP, the digital currency associated with Ripple, with encouraging regulatory advancements stimulating a price increase.
The US SEC has recognized submissions for five spot XRP exchange-traded funds, creating speculation about possible debuts later in the year.
XRP has risen 10% this week, trading at $2.69, making it the highest performer among major digital currencies.
While Bitcoin and Ethereum have experienced only slight gains this week, Solana and BNB have suffered, falling 9% and 8% respectively.
Brazilian regulators approved an XRP ETF from crypto fund manager Hashdex on Wednesday.
Lukas Sorlini, Head of Products at institutional crypto platform Northstake, informed *DL News* that while the SEC’s recognition isn’t a promise of approval, it strongly implies a high probability of these ETFs being approved.
Sorlini also anticipates that XRP ETFs could draw as much as $800 million in inflows within a week of authorization. JPMorgan estimates even larger figures, predicting $8 billion to flow into these investment instruments in the first year.
This signifies the world’s first XRP ETF, which will eventually be traded on the Brazilian stock exchange.
## Cryptocurrency Market Overview
* Ethereum has also seen a minor rise in the past 24 hours, reaching $2,742.
* Bitcoin is up 1.2% in the last 24 hours, reaching $97,441.
## What We’re Exploring
* Javier Milei’s $4.
* Don’t Hate Us Cause We Said So, But… ― *Milk Road*
* Are Memecoins Crashing? These 8 Charts Might Suggest Yes ― *Unchained*
* Oops. Is Solana Dead? ― *Milk Road*
* How Circle Embracing EU Rules Makes It Superior to Tether ― *DL News*
Argentina is currently grappling with a significant controversy surrounding a digital currency known as Libra, accompanied by claims of deceit totaling an overwhelming $5 billion. Below is an analysis of the progression of events.
