XRP's price has seen a significant surge, outperforming Bitcoin and Ethereum.
Two key reasons behind XRP's pump are the SEC's acknowledgment of the NYSE's 19b-4 filing for Grayscale XRP ETF and speculations of the SEC dropping the Ripple lawsuit.
The recognition of the XRP ETF filing by the SEC opens the possibility of potential approval.
In addition, Ripple's partnership news and collaborations improve market sentiment around XRP.