The approval of spot exchange-traded funds might not be as bullish for XRP as they were for Bitcoin.

XRP ( XRP 1.73% ) is the world's third-largest cryptocurrency, and unlike many of its peers, it has a legitimate use case in the real world. It's designed to serve as a bridging currency in Ripple's Ripple Payments network, meaning it helps financial institutions send money around the world instantly, with a very low cost.

The U.S. Securities and Exchange Commission (SEC) sued Ripple in 2020 for alleged breaches of financial securities laws, which kept the price of XRP suppressed for years. However, the two parties officially settled the case back in August, which helped catapult the token to a new record high.

But there might be a new upside catalyst on the horizon. The SEC is ex

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