The altcoin market is recovering, and XRP's market value surpasses Solana, becoming the new focus of the market. On December 2, XRP's market value jumped to fourth place on the cryptocurrency market capitalization leaderboard, rising 17.6% within 24 hours, reaching its highest point in seven years. This growth is primarily driven by the progress of the Ripple vs. SEC lawsuit, with a significant increase in market interest in XRP.

Meanwhile, as the U.S. regulatory environment gradually becomes clearer, the demand for crypto ETPs has surged, with more institutions applying for altcoin ETFs. Companies like Bitwise and Canary have submitted XRP ETF applications, marking a growing interest from institutions in the digital currency space. In Europe, although the market scale is not as large as in the U.S., the status of crypto ETPs as investment tools has been solidified, attracting more institutional participation.

Overall, the rising attention on altcoins like XRP and the convenience of crypto ETPs as investment tools are expected to attract more investors and drive market maturation.