XRP Named Among Most Popular Cryptos on Major US Exchange: Details
Analysis
Price Impact
HighXrp is gaining significant traction with the launch of four new spot etfs from major players like grayscale and franklin templeton, attracting substantial institutional investment ($164m). additionally, ripple's rlusd stablecoin has been greenlisted by abu dhabi's fsra, expanding its utility in a key financial hub. these developments, coupled with strong spot buying and overall market optimism, create a powerful bullish catalyst.
Trustworthiness
HighThe information is based on verifiable facts: kraken's popularity data, confirmed etf launches by reputable firms (grayscale, franklin templeton, bitwise, canary), and official regulatory approval from abu dhabi's fsra. these are concrete, public events.
Price Direction
BullishThe launch of multiple spot etfs significantly increases institutional access and demand for xrp. the regulatory approval of rlusd in the uae expands ripple's ecosystem utility and adoption, attracting further capital. the reported increase in open interest driven by spot buying indicates genuine market demand, supporting a strong upward price movement, especially with the anticipation of a 'santa rally'.
Time Effect
LongWhile the immediate market reaction (santa rally) might be short-term, the launch of spot etfs and the regulatory acceptance of rlusd in a major financial center are foundational developments that attract long-term institutional capital and enhance xrp's fundamental utility and adoption over an extended period.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News XRP is currently among the most popular tokens on major crypto exchange Kraken in the last 24 hours. In a tweet, Kraken wrote "most popular on Kraken today," accompanied by a screenshot outlining five crypto assets, including XRP. Advertisement XRP is in the spotlight owing to new ETF launches: this week saw the launch of Grayscale and Franklin Templeton XRP spot ETFs in the U.S. This follows the Canary and the Bitwise XRP products, bringing the tally of XRP Spot ETFs in the U.S. to four, with more launches anticipated in the coming days. Most popular on Kraken today 👀 pic.twitter.com/iKCNKLCCHQ — Kraken (@krakenfx) November 27, 2025 The launch of Franklin Templeton’s XRPZ and Grayscale’s GXRP on NYSE Arca attracted $164 million, highlighting institutional interest in XRP. Advertisement Ripple attained a new milestone in the Middle East, with Ripple USD (RLUSD) stablecoin greenlisted by Abu Dhabi’s Financial Services Regulatory Authority (FSRA). Now recognized as an Accepted Fiat-Referenced Token by the FSRA, the move enables RLUSD use as collateral on exchanges, for lending, and on prime brokerage platforms within the ADGM, the international financial center of Abu Dhabi. HOT Stories Morning Crypto Report: Is It Too Late to Buy Shiba Inu (SHIB)? Elon Musk's SpaceX Resumes Strange Bitcoin Activity, $1,000,000,000 Ripple Stablecoin Gains Traction in UAE Crypto Giant Upbit Discloses $37 Million Hack on Solana Network Ripple Accelerates RLUSD Mints on XRPL XRP Price Forms Golden Cross, Shiba Inu Makes 1.36 Trillion SHIB Comeback, Legendary Trader Brandt Reveals ‘Dead Cat’ on Bitcoin (BTC) Chart – Crypto News Digest Reece Merrick, Senior Executive Officer/Managing Director of Middle East and Africa, highlighted this milestone in a tweet, noting that the year 2025 has seen some awesome momentum for Ripple in the Middle East. XRP prepares for Santa rally The crypto market enjoyed a much-needed boost on Thursday as major cryptocurrencies rallied. The altcoin market, in particular, showed signs of strength on Thursday. The gains followed Wednesday's strong recovery in equities, with Bitcoin surpassing $91,000 and derivatives flows signaling growing optimism for a year-end rally. XRP saw sharp increases at the week's start before settling in a range between $2.14 and $2.26. At press time, XRP was trading at $2.18, up 2% in the last 24 hours and nearly 4% weekly. The increase in open interest for XRP corresponds with the 24-hour price gain, indicating that the move was spurred by spot buying rather than futures activity. #XRP