XRP Named Most Popular Cryptocurrency on Major US Exchanges: Details

XRP has currently become one of the most popular tokens on leading cryptocurrency exchange Kraken over the past 24 hours. “Most popular on Kraken today,” Kraken wrote in a tweet, along with a screenshot outlining five crypto assets, including XRP.

XRP is gaining attention due to the launch of a new ETF. This week, the Grayscale and Franklin Templeton XRP Spot ETF was launched in the US. This follows Canary and Bitwise XRP products, bringing the number of XRP spot ETFs in the US to four, with more launches expected in the coming days.

The launch of Franklin Templeton’s XRPZ and Grayscale’s GXRP on NYSE Arca raised $164 million, highlighting institutional interest in XRP.

Ripple has achieved another milestone in the Middle East as the Ripple USD (RLUSD) stablecoin has been placed on the green list of the Abu Dhabi Financial Services Regulatory Authority (FSRA). Now recognized as a fiat reference token approved by the FSRA, this move will enable the use of RLUSD as collateral on exchanges, lending, and prime securities platforms within ADGM, Abu Dhabi’s international financial center.

Reese Merrick, senior executive officer and managing director for the Middle East and Africa, highlighted this milestone in a tweet, noting that 2025 will see great momentum for Ripple in the Middle East.

XRP prepares for Santa Rally

The crypto market enjoyed a much-awaited rally on Thursday, with major cryptocurrencies rising. The altcoin market in particular showed signs of strength on Thursday.

The rally follows a strong rebound in stocks on Wednesday, with Bitcoin climbing above $91,000 and derivatives flows pointing to growing optimism for year-end gains.

XRP saw a sharp rise at the beginning of the week before settling in a range of $2.14 to $2.26. At the time of writing, XRP is trading at $2.18, up 2% in the past 24 hours and nearly 4% for the week.

The increase in XRP open interest coincides with the 24-hour price increase, indicating that this movement was driven by spot purchases rather than futures trading.