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The price of XRP has increased significantly in the past 2 days. Today it sells at $ 2.79 per unit of XRP.  The reason for the increase may be the impending approval of the XRP ETF by the US Securities and Exchange Commission (SEC).

It may take some time for the actual approval to occur taking into consideration that there is a SEC’s lawsuit against Ripple Labs that needs to be completely settled.

Some people believe that XRP may play a significant role as a vehicle of transfer of money between countries in the near future. 

###### This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.