XRP Price Surges Over 30% After Global Asset Manager Launches XRP ETP in Europe

XRP prices have surged over 30% after asset manager WisdomTree launched its ETP product called Wisdomtree Physical XRP (XRPW) in Europe. The product is listed on major exchanges such as Deutsche Börse Xetra and Six Swiss Exchange and is touted as a competitive product, fully backed by XRP with a management fee of just 0.50%. It is clear that WisdomTree’s entry into the crypto market has increased demand for XRP, especially as their ETP promises simplicity and security for investors.

Following the announcement of the XRP ETP launch, XRP price broke through a key resistance level, pushing the price to a new yearly high of $1.44. This situation shows the strong recovery of XRP after a long period of being affected by legal and market factors. The presence of new investment products such as XRP ETP not only increases the attention from investors but also contributes to reshaping the game of XRP in the cryptocurrency space.