Ripple (XRP) Price Explodes Above $0.51 on Spot Bitcoin ETF Approval Reports

Ripple’s XRP has skyrocketed above $0.50 in the past few minutes. The cryptocurrency seems to be following the uptick in the entire market, as most coins are trading well in the green.

The main reason for the increase in Ripple’s XRP price seems to be that of reports circling an approved spot Bitcoin ETF.

Cointelegraphtweeted on the matter, but the story is developing:

BREAKING: SEC APPROVES ISHARES BITCOIN SPOT ETF.

🚨 BREAKING: SEC APPROVES ISHARES BITCOIN SPOT ETF.

— Cointelegraph (@Cointelegraph) October 16, 2023

This story is developing and is to be updated with new information.