I’ve noticed that talk about the Ripple ETF has been heating up in the market over the past few days. I looked into a few reasons why XRP is drawing attention.

First, it seems to be related to the successive listings of Ripple ETFs. Since the second half of last year, multiple major asset management firms, including Canary Capital, have launched spot XRP ETFs one after another. It appears there has been a total inflow of about $1.2 billion or more. If that much capital flows in, it’s only natural that it would be reflected in the price as well.

Another big factor is Ripple’s own business expansion. In particular, activity in Asia has been especially noticeable. Partnerships with major banks and securities firms in Japan are progressing, and it also obtained a new license in Singapore. In addition, last month it completed a large-scale funding round of $500 million. It feels like the company’s foundation is becoming more solid.

However, when looking at the latest price data, it is currently around $1.42, with relatively small fluctuations over the past week. It doesn’t seem to be in the kind of rapid surge phase as before; instead, it may have entered a correction phase. Interest in Ripple ETFs remains high, but in the short term, it seems the trend will be more of a wait-and-see approach.