XRP popularity is making headlines as it ranks among the most favored tokens on the major cryptocurrency exchange, Kraken. This surge in interest comes in the wake of several significant developments, including new ETF launches and Ripple’s expanded presence in the Middle East.
XRP Popularity on the Rise
In the last 24 hours, XRP has garnered significant attention on Kraken, a leading crypto exchange. A recent tweet from Kraken highlighted XRP as one of the top five popular assets, underscoring its growing appeal among investors.
The XRP popularity spike is closely tied to the launch of new ETFs. This week marked the debut of Grayscale and Franklin Templeton’s XRP spot ETFs in the U.S., adding to the existing Canary and Bitwise XRP products. With four XRP Spot ETFs now available, additional launches are anticipated, further fueling interest in XRP.
Institutional Investment in XRP
The introduction of Franklin Templeton’s XRPZ and Grayscale’s GXRP on NYSE Arca attracted a substantial $164 million, showcasing a strong institutional appetite for XRP. This investment signifies confidence in XRP’s potential and its role in diversifying crypto portfolios.
Ripple’s Middle East Expansion
Ripple achieved a notable milestone in the Middle East as its stablecoin, Ripple USD (RLUSD), received greenlisting from Abu Dhabi’s Financial Services Regulatory Authority (FSRA). Recognized as an Accepted Fiat-Referenced Token, RLUSD can now be used as collateral on exchanges and prime brokerage platforms within the Abu Dhabi Global Market (ADGM).
Reece Merrick, Ripple’s Senior Executive Officer for the Middle East and Africa, highlighted this achievement in a tweet, emphasizing the positive momentum Ripple has gained in the region during 2025.
Market Trends and XRP’s Performance
The crypto market experienced a significant boost, with major cryptocurrencies rallying on Thursday. This upward trend in the altcoin market, including XRP, followed a strong recovery in equities earlier in the week. Bitcoin crossed the $91,000 mark, signaling optimism for a year-end rally.
XRP saw notable gains at the week’s start, stabilizing between $2.14 and $2.26. Currently, XRP is trading at $2.18, reflecting a 2% increase over the last 24 hours and a nearly 4% rise weekly.
The increase in open interest for XRP aligns with its 24-hour price gain, suggesting that the recent moves were driven by spot buying rather than futures trading activity.
