XRP Price Surges to $2.43 on ETF Buzz, Fueled by Ripple’s $1B Treasury Plan
XRP traded near $2.43 on Oct. 22, up slightly with volume 12% above its weekly average. Ripple announced a $1 billion XRP buyback and Evernorth, a Ripple-backed firm, revealed a $1B SPAC merger to build an institutional XRP treasury. The SEC dropped appeals in the Ripple case in August, prompting US exchanges to relist XRP. Analysts expect spot XRP ETF approval by late October.