XRP(XRP) price has rallied more than 15% since closing at $2.32 on Feb. 6, following the crypto market’s drawdown. While most altcoins have struggled to establish a recovery, XRP’s weekly chart has received plaudits for a bullish outlook.

The SEC has recently acknowledged Grayscale’s filing for an XRP ETF, a crucial step toward potential approval. This starts a review period, after which the SEC will decide on the ETF. While this has sparked optimism,

XRP’s price rally follows the acknowledgment of multiple XRP filings by the SEC and rumors of delay in Ripple’s legal battle with the agency.

The SEC reviews CoinShares XRP ETF application as a 21-day comment period begins amid rising XRP ETF approval prospects.

XRP was among the top performers in the top ten market cap rankings of cryptocurrencies on Wednesday, surging by more than 7% before Wednesday’s close. The price uptick follows growing optimism over multiple XRP exchange-traded fund (ETF) filings in the United States and Brazil’s regulatory approval of what could become the world’s first spot XRP

SEC's approval of Bitwise XRP ETF will depend on public feedback and the filing’s compliance with its investor protection standards.

The US Securities and Exchange Commission (SEC) is soliciting public input on a proposal for an exchange-traded fund (ETF) tied to XRP. In a filing posted on Wednesday, the SEC acknowledged a proposal from Cboe BZX Exchange,