The crypto world is buzzing as XRP experiences a significant surge, rising over 7% following WisdomTree's application for an XRP ETF in the US[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.fxstreet.com/cryptocurrencies/news/ripples-xrp-quest-for-196-strengthened-by-wisdomtree-xrp-etf-registration-in-the-us-202411252145?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). This move has sparked optimism among investors, with XRP now targeting its April 2021 resistance of $1.96[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.fxstreet.com/cryptocurrencies/news/ripples-xrp-quest-for-196-strengthened-by-wisdomtree-xrp-etf-registration-in-the-us-202411252145?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
Key Highlights:
- WisdomTree's Move: WisdomTree, a global asset manager with over $113 billion AUM, registered for an XRP ETF in Delaware[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.fxstreet.com/cryptocurrencies/news/ripples-xrp-quest-for-196-strengthened-by-wisdomtree-xrp-etf-registration-in-the-us-202411252145?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). This follows their launch of a low-cost European XRP ETP[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.fxstreet.com/cryptocurrencies/news/ripples-xrp-quest-for-196-strengthened-by-wisdomtree-xrp-etf-registration-in-the-us-202411252145?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
- Market Optimism: The registration has fueled positive sentiment, with XRP's open interest reaching an all-time high of $2.68 billion over the weekend[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.fxstreet.com/cryptocurrencies/news/ripples-xrp-quest-for-196-strengthened-by-wisdomtree-xrp-etf-registration-in-the-us-202411252145?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
- Regulatory Expectations: Investors are hopeful that the upcoming changes in the SEC, including Chair Gary Gensler's retirement, will lead to more favorable regulations for cryptocurrencies[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.fxstreet.com/cryptocurrencies/news/ripples-xrp-quest-for-196-strengthened-by-wisdomtree-xrp-etf-registration-in-the-us-202411252145?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
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