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XRP price has been trading within a tight range since the beginning of the year, because bullish catalysts that have often driven the altcoin’s price have dried up. However, considering that Grayscale has received the green light to convert its Digital Large Cap Fund that contains XRP into a spot ETF, the traders holding the token are bullish that this may drive an upward rally. As of July 2, XRP was trading at $2.17 with a slight 0.7% decline within 24 hours.