Ripple XRP prices have climbed over 10% in the past week and held steady at £2.14 ($2.69) on 20th February. The recent price surge could be attributed to the US Securities and Exchange Commission's (SEC) acknowledgement of multiple XRP ETF filings from Grayscale, Canary Capital, and Wisdom Tree.
While SEC acknowledgements are a big deal, they don't mean automatic approval of XRP ETFs. The ETF filings will now be published in the Federal Register for public feedback before the SEC evaluates responses to approve, reject, or extend the review process, which could prolong up to 240 days.
