Ripple continues its rise: the role of Europe's Bitwise XRP ETP

Ripple's smart political strategy is not the only factor currently fueling optimism among XRP investors.

Ripple's smart political strategy is not the only factor currently fueling optimism among XRP investors. Ripple Labs has also announced plans to invest in the renamed Bitwise Physical XRP ETP, a product that offers European investors access to XRP smokes via a publicly traded product.

In a recent press statement, Garlinghouse expressed optimism: "With regulations surrounding cryptocurrencies in the U.S. finally becoming clearer, demand for crypto-ETPs such as the Bitwise Physical XRP ETP is likely to increase."

At the time of writing, XRP is trading at $1.46, up 31% over the past month. A pro-Ripple advocate has even suggested that Ripple could soon reach a market capitalization of more than $100 billion.

Ripple's comeback was further strengthened in early October, when Bitwise the first application filed for a U.S. XRP Spot ETF. Investors who got in then can now celebrate nearly a price tripling. The likelihood of a "Ripple ETF" in the coming year is higher than ever, with a possible first approval in the summer of 2025.

The opportunities and risks of the current XRP rally

Despite the current explosion in the XRP stock price, much of the optimism has already been priced in: Trump appoints a crypto-friendly SEC chief, clear crypto rules are introduced, the lawsuit with Ripple is ended, and XRP Spot ETFs are approved. While these developments paint a bright future, they are not yet guaranteed.