<ul><li>Grayscale announces the launch of a closed-end XRP trust in the US, paving the way for a potential XRP-based ETF.</li><li>XRP price surges by over 7% following the announcement, reaching a high of $0.57 before settling at $0.5622.</li><li>Grayscale's XRP trust allows accredited investors to gain exposure to XRP, facilitating cross-border payments and transforming the legacy financial infrastructure.</li><li>The XRP trust has fewer regulatory restrictions compared to an ETF, but it could potentially be transformed into an ETF with SEC approval.</li></ul>

XRP Price Readies For Next Parabolic Rally As Grayscale Debuts XRP Trust, Clearing The Way For Possible ETF

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