Period of great enthusiasm for Ripple: today, WisdomTree officially filed the S-1 to issue its spot XRP ETF. Meanwhile, the price of XRP is nearing $2.50, with the increase in market capitalization making it the third-ranked crypto.
WisdomTree and Ripple: the official filing of the S-1 form to issue its ETF on XRP
WisdomTree has officially filed the form S-1 with the United States Securities and Exchange Commission (SEC), to issue its ETF on XRP.
Another good news for Ripple, which already presents a super enthusiastic market sentiment.
The demand for the new Exchange-Traded Fund on Ripple by WisdomTree is now under review by the SEC, and it remains to be seen when and if it will be approved.
Last week, the news of the possibility of this event had already leaked, only because it had been made known that WisdomTree had registered in the state of Delaware.
Today, therefore, here is the official announcement of the application for a spot XRP ETF in the USA. In the meantime, Ripple (XRP) is already experiencing an incredible bull moment.
At the time of writing, XRP is worth $2.44 but has come close to reaching the price of $2.50. This threshold was reached by the crypto only in the month of May 2018, a full seven years ago.
WisdomTree and the ETF on Ripple spot: the price of XRP is in total bullish
This official news should somehow strengthen the already present bullish around the price of Ripple (XRP).
In fact, analyzing the chart, at the time of the announcement of only the registration of WisdomTree for a “potential” ETF on Ripple, the price of XRP was not even worth 1.50$.
After the news, during the past weekend, the price of XRP soared up to $1.90.
Another price pump of +27% has arrived in the last 24 hours, with XRP reaching almost $2.50 a few hours ago.
As reported by CoinMarketCap, the general sentiment towards Ripple is currently 88% bull.
XRP surpasses Tether (USDT) by market cap and climbs onto the podium of the crypto rankings
Another significant factor, even if related to the price of XRP, is its market capitalization which is surpassing other important crypto.
As mentioned today, XRP finished November even surpassing BNB and positioning itself in the top 5 crypto.
Now, however, it can be said that XRP started December by reaching the top 3, with the market cap surpassing that of Tether (USDT), the largest stablecoin in the world.
In fact, at the time of writing, the market capitalization of XRP is over 139 billion dollars, compared to the 134 billion dollars of USDT.
For those who have been following crypto for years, XRP seems to have returned to historical levels, on the podium of the main crypto.
