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$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.
$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 đź‘€ 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 $XRP.
Ripple attained a new milestone in the Middle East, with Ripple USD ($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.
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.