XRP 29,000% Surge on Coinbase. Here’s What Happened

Edward Farina, the CEO of Alpha Lions Academy, drew attention on social networks to an extraordinary rise in trading volume for the XRP/USD pair on Coinbase. Farina shared data showing a 24-hour volume increase of 12,495.31% for XRP on Coinbase, citing analytics from Coinglass. A short while later, this figure was exceeded by a…

The trading surge may be closely tied to recent announcements regarding the potential launch of a spot XRP exchange-traded fund (ETF). The product, to be listed on the Toronto Stock Exchange under the ticker XRPP, will offer investors direct exposure to XRP in a regulated format.

This development signifies a significant milestone in the institutional adoption of XRP. The Ontario Securities Commission’s approval indicates a broader shift in how financial institutions are approaching digital assets.

Times Tabloid confirmed these developments, stating that the news of Purpose Investments’ spot XRP ETF has already elicited a significant market response.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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