XRP Far from the Desired Days: But this development could trigger a rally!

The price of XRP has been relatively stagnant for some time now, causing concern in the community. Over the past seven days, the price has lost another 10.83% to $0.5659.

Although the price has recorded a very low rise in the last 24 hours, there does not seem to be any details that can basically increase the price. Contrary to its peers, XRP has fallen by more than 9.36% in the past month, underscoring just how deep the current decline it is experiencing is.

XRP's biggest trump card for recovery right now depends on its correlation with Bitcoin (BTC). Based on this, if the highly anticipated spot Bitcoin Exchange Traded Fund (ETF) product is approved by the United States Securities and Exchange Commission (SEC) at any time starting today, the bullish catalyst that XRP needs could be secured and push the price higher.

If approved, XRP continues to maintain its claim to become one of the largest beneficiaries.

Growing talk about XRP spot ETFs, which sparked the market in November last year with fake filings linked to BlackRock. Ultimately, the emergence of a Bitcoin ETF could create a more bullish future than currently envisioned.

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