Grayscale's launch of an XRP Trust could signal a major breakout for the altcoin. With historical altcoin trust launches leading to significant price gains, XRP may be primed for a 350% rally. Is now the time to buy,

The closed-end fund will offer accredited investors direct exposure to XRP (XRP). Grayscale previously offered an XRP Trust but dissolved it in 2021 following the U.S. Securities and Exchange Commission’s 2020 lawsuit against Ripple Labs that alleged the XRP token is a security under federal securities law.

Following the introduction of Grayscale XRP Trust, the markets immediately reacted positively. For instance, XRP’s price surged by 9.8%, hitting a local high of $0.588, with the trading volume soaring by 105.54% to $1.7 billion. Its market cap hiked by 6% to $32.2 billion too.

Grayscale Investments has introduced its new Grayscale XRP Trust, which exposes investors to the XRP cryptocurrency. The trust went live on September 12 and is

Grayscale Investments has expanded its offerings to include a product based on the performance of the world's seventh largest digital asset.

Grayscale Investments has announced the creation and public launch of Grayscale XRP Trust, which enables investors with the opportunity to gain exposure to XRP.

Grayscale unveils XRP Trust, letting investors gain exposure to XRP’s price trends without directly buying the token. Could an ETF follow?