XRP XRP/USD is up 20% in the last 24 hours, driven by bullish sentiment around altcoins.

Notes for dealers: Crypto traders Brandon Hong noted in a post on X On Friday, Ripple announced that it had reclaimed its “lawsuit wick,” that is, the local high of 75 cents in 2023, when Ripple received a favorable court ruling.

The trader notes that XRP has risen to $1.60 after breaking above $1.10, offering traders looking to get in another chance before trying to set a new all-time high he refers to as “the final boss”.

Influential trader DonAlt outlined its price targets in a Nov. 13 tweet, citing $1.90, a new all-time high, and $6.90 as potential future targets.

Community news: Ripple on Wednesday announced plans to invest in the newly renamed Bitwise Physical XRP exchange-traded product.

CEO Brad Garlinghouse said XRP is “a cornerstone for those seeking access to assets that are resilient and have real utility.”

The news comes as asset manager WisdomTree filed to establish a trust company in Delaware as a first step toward launching an XRP exchange-traded fund.

A XRP ETF would be the third major cryptocurrency ETF after that Bitcoin And Ethereum.

Although no filings have been made with the SEC yet, potentially friendlier regulation under the new Trump administration is causing excitement throughout the financial industry.

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