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XRP is at the center of speculation as SBI Holdings, a prominent financial sector player, eyes the US ETF market. This strategic move has fueled widespread rumors about a potential XRP ETF, thanks to SBI’s strong partnership with Ripple, the largest holder of the token. In early July, SBI began minting non-fungible tokens (NFTs) for […]
Ripple, a leading provider of enterprise blockchain and crypto solutions, announced a collaborative effort with Clear Junction, a global leader in cross-border payments for regulated institutions. This partnership, unveiled on June 5, aims to expedite and secure cross-border transactions for Ripple’s client base. The agreement facilitates instant payouts in GBP and EUR for Ripple’s customers, […]
Ripple President Monica Long expressed optimism regarding the possibility of an XRP exchange-traded fund (ETF), emphasizing its potential value. Further,…
The post Ripple President Optimistic About an XRP ETF Launch first appeared on The Crypto Basic.
Ripple President Monica Long has argued that it is sensible for an asset management firm to launch a spot XRP…
The post Ripple President: It is Sensible To Launch XRP ETF first appeared on The Crypto Basic.
The XRP price is at a make-or-break moment as it struggles to hold a critical technical level as it navigates broader market uncertainty. In a recent report, a crypto analyst issued a stark warning for XRP holders, highlighting that the cryptocurrency risks crashing to $1.9 if it fails to clear a key price level. XRP Price Risks Falling To $1.9 According to an analysis presented by crypto analyst Dom on X (formerly Twitter), the XRP price could be gearing up for a major crash soon. The analyst revealed that the cryptocurrency has recently tested the apex of a 100-day descending trendlinea zone that also coincided with the election Volume Weighted Average Price (VWAP) and the monthly rolling VWAP. Related Reading: XRP Price To $1.5 Or $4? The Bull And Bear Case Revealed This convergence of technical indicators has become a critical battle station between bulls and bears. While buyers attempt to halt any further declines and push the XRP price higher, the rejection at this apex signals weakness and raises the risk of a downside move. The analysts chart shows that XRPs price is struggling to stay above a mid-range support level, visually marked by a horizontal grey box between $2.05 and $2.1. Failure to clear this area could trigger a significant decline toward $1.9, which Dom has identified as the next key support area. On the flip side, a break above $2.12, where multiple VWAPs are stacked, would signal an immediate bullish reversal and potentially mark the beginning of a new upward trend. Dom has also stressed the urgency of XRP regaining the $2.12 level. If bulls fail to do so, the cryptocurrencys structure remains vulnerable and could correct downwards at any moment. As the XRP price currently sits at $2.3, the analyst has pinpointed a key upside target on his chart. If XRP were to break above its current price, the analyst expects it to move back up to $2.47 a level that would act as a longer-term dynamic resistance. XRP Must Break $2.3 To Reach $3 In a recent X post, a crypto analyst known as Lord Crypto highlighted that XRP is showing signs of a potential breakout as it emerges from oversold territory with multiple bullish catalysts approaching. After weeks of consolidation near the $2.00 support zone, XRP is now testing the resistance level at $2.30. Related Reading: XRP Price To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3 Technical indicators and market trends appear to be favoring bulls. The Stochastic Relative Strength Index (RSI) shown on the price chart has reversed upward from oversold zones, indicating possible renewed buying pressure. The analyst has also pointed to the possibility of an XRP ETF approval as a bullish catalyst. Additionally, he highlighted Ripples victory over the US SEC, which brings an end to the lawsuit that has lasted over four years. Notably, a close and sustained trading above the $2.30 level could allow XRP to target higher resistance levels around $2.52 and $2.91. Once this happens, the XRP price could even reclaim past highs above $3. Featured image from Getty Images, chart from Tradingview.com
A major accumulation trend is currently ongoing for XRP, with crypto whales actively adding to their positions. This provides a bullish outlook for the altcoin, considering it could break out from its current range following this accumulation phase. XRP Whales On The Rise In an X post, crypto analyst Kyle revealed that over 300,000 addresses now hold 10,000 XRP, a development which he noted screams rising confidence from whales and large holders. The analyst added that a strategic accumulation looks to be back and raised the possibility of the big players trying to front-run a major move in the XRP ecosystem. Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? This major move could be the launch of an XRP ETF or the conclusion of the Ripple SEC lawsuit. An XRP ETF has a 90% chance of approval by the SEC this year. The launch of this fund could spark a surge in the token’s price, considering how it would drive more capital into its ecosystem. Meanwhile, the conclusion of the Ripple SEC lawsuit would also be a major development in the XRP ecosystem, as both parties have already reached an agreement. However, the court still needs to rule on the agreement before the lawsuit can be considered done and dusted. The end of the lawsuit would provide clarity and could spark a significant surge in price. Crypto analyst Ali Martinez also confirmed the accumulation trend among these whales. In an X post, he revealed that wallets holding between 10 million and 100 million XRP have bought around 900 million XRP over the past month. Amid this accumulation trend, traders are also leaning bullish towards the asset. In another post, he stated that 71.54% of traders on Binance futures with open XRP positions are leaning bullish. Whats Next For The Altcoin? In an X post, crypto analyst Dark Defender discussed the current XRP price action and provided insights into what is next for the altcoin. He noted that XRP found resistance between $2.2 and $2.36 and dropped to $2.13 again. In line with this, the analyst remarked that the altcoin is getting ready to finish the correction and is on to the last bit. Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The analyst projects an incoming surge with five waves. He predicts that the initial wave will send the XRP towards $3, and then the altcoin will reach $4.4 and $6.3 on Waves 3 and 5, respectively. A rally to $4.4 would mark a new all-time high (ATH) for the token. Meanwhile, Dark Defender stated that $1.88 is the support level to keep an eye on. At the time of writing, the XRP price is trading at around $2.12, down 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Godfrey Kendrick, a seasoned analyst at Standard Chartered, speculates that the highly anticipated XRP ETF could launch in 2025, a…
The post Standard Chartered Projects Timeline for XRP ETF Approval first appeared on The Crypto Basic.
Prominent figures in the finance scene propose that Solana (SOL) will be the next crypto asset to receive a spot…
The post Top Experts Unanimous That Solana Gets the Next Spot ETF, Not XRP first appeared on The Crypto Basic.
Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally. XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move. Related Reading: XRP Reaching Oversold Levels As Net Flows Turn Negative, Whats Next? His accompanying chart showed that the XRP price could rally to almost $40 on this breakout. The analyst seems convinced that the altcoin could witness such a parabolic move, considering that XRP surged by 61,000% in 280 days in 2017. The chart also showed that the altcoin will likely reach this target sometime next year. Crypto analyst Egrag Crypto has also stated that he expects the XRP price to reach between $27 and $33 in this market cycle. He believes that a repeat of the 2017 historical performance makes these price targets achievable for the altcoin. The analyst has also alluded to factors such as the XRP ETFs and Ripples expansion as factors that could drive this price surge. Meanwhile, crypto veteran Raoul Pal also affirmed that the XRP price has enough room to rally to the upside from its current level. He highlighted a bull flag that had formed for the altcoin, following its consolidation phase after last years rally. The veteran expects XRP to witness a bullish continuation after this consolidation phase, possibly rallying to as high as $5. This would mark a new all-time high (ATH) for the token. The Altcoin In A Bullish Phase Crypto analyst CobraVanguard asserted that the XRP price is in a bullish phase, while highlighting a falling wedge pattern that was forming for the altcoin. He remarked that this pattern indicates the altcoins potential to reach $3. However, the analyst warned that this setup could be invalidated if the wedge pattern is broken downwards with the strength of bearish candles. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing Meanwhile, crypto analyst Dark Defender noted that the XRP price is currently in Wave B of its Wave 2 corrective move. He predicts that the altcoin could rally to its current all-time high once the B and C waves are completed in this corrective wave. The analyst is also confident that the altcoin can rally to double digits in the long term. He once predicted that the altcoin could reach $18 based on his Elliott Wave Theory analysis. At the time of writing, the XRP price is trading at around $2.38, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Crypto veteran Raoul Pal has shared his thoughts on the XRP price, predicting it still has more room to rally to the upside. The altcoin is expected to hit a new all-time high (ATH) as it rallies higher. XRP Price Primed For Another Leg Higher In a YouTube video, Pal remarked that XRPs chart is one to behold and that its price will likely get another leg higher at some point. His accompanying chart showed a bull flag that had formed for the altcoin since last year, after its parabolic rally to the $2 range. Its price is currently in the consolidation phase, with a breakout usually occurring after this phase. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing Based on the chart, the price could rally to as high as $5, which would mark a new all-time high (ATH) for the altcoin. Interestingly, before its surge late last year, the crypto veteran had advised investors to sell their dino coins like XRP and ADA. However, following the pump, he admitted he was wrong and became bullish on the altcoin. This prediction comes amid the launch of the CME XRP and Micro XRP futures, which are bullish for its price. These products will provide institutional investors with exposure to the altcoin and are also integral to the approval of a Spot XRP ETF. An XRP ETF is one of the factors that crypto analyst BarriC believes could quickly drive prices to $10. In the short term, crypto analyst Ali Martinez has suggested that the XRP price could retrace before it rallies higher. In an X post, he stated that the asset could return to $2 if it loses the critical $2.30 support. Crypto analyst CasiTrades had also warned that the altcoin could witness a correction following its failure to hold above $2.6 successfully. The Altcoin Could Hit ATH After This Correction Crypto analyst Dark Defender has suggested that the XRP price could hit its ATH after this market correction, stating that the rally to ATH is closer than anyone else can think of. This came as he revealed that the token has completed the A Wave and is now on the B Wave of Wave 2, meaning that this corrective wave is in its midway. Related Reading: $40 Billion Worth Of XRP On The Move Where Are They Headed? The crypto analyst predicts that the XRP price could reach $3.333 after the B and C Waves in this Wave 2 corrective move. Meanwhile, the support levels to watch out for are $2.3502 and $2.2222, while the resistance levels to keep an eye for are $2.58 and $3.3333. At the time of writing, the XRP price is trading at around $2.38, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
NAV benchmarks for BTC and ETH ETFs underpin the forecast. SEC’s final deadline for XRP ETF approval is 12 October. Polymarket data shows a 79% chance of approval by year-end. Anticipation over an XRP exchange-traded fund (ETF) is building in the crypto sector as analysts weigh up potential inflows, market impacts, and regulatory dynamics. While […]
The post XRP ETF inflows could exceed $8.3 billion by 2026, says Standard Chartered appeared first on CoinJournal.
The XRP ETFs have become one of the most anticipated filings in the crypto space, with over 10 already crossing the desk of the Securities and Exchange Commission (SEC). While expectations were that the regulator would approve XRP ETFs for trading at the start of May, the decision has been postponed once again. What this has done is increase expectations for these exchange-traded funds, with most of the market patiently waiting for when the green light will come. Why Investors Are Anticipating XRP ETFs There are numerous reasons for why investors are anticipating the XRP ETFs. Some of these include easier access to investing in the altcoin by institutions without them having to buy XRP directly, as well as increased demand as the cryptocurrency goes mainstream. All of this is expected to culminate in the rising value of the token and possibly be the catalyst that helps the XRP price break toward a new all-time high. Related Reading: Dogecoin Price Poised For Breakout Amid Accumulation, Heres The Target Dan Tapiero, the founder of 10T Holdings, a US-based equity firm, has also come forward to explain why the XRP ETFs are being anticipated. In an interview with CoinDesk, the founder starts out by lauding XRPs resilience so far, as it has managed to survive over the years. The altcoin has been through low market participation due to the SECs lawsuit spanning over four years, and has managed to come out and maintain its position as one of the most valuable cryptocurrencies. Speaking about the crypto firm itself, Ripple, Tapiero explains that it has managed to turn itself into a conglomerate of assets in the ecosystem. Given this, the private equity founder believes that theres value there, and as such, there are investors who are anticipating the launch of the XRP ETFs. Another reason why these XRP ETFs are being anticipated is because its made in America now. This refers to the inclusion of XRP in Donald Trumps strategic crypto reserve, alongside the likes of Bitcoin, Ethereum, Solana, and Cardano. Additionally, Ripples founder, Brad Garlinghouse, continues to work with President Donald Trump, feeding the narrative of XRP being Made in America. Pushing The XRP Price To New Highs The launch of the XRP ETFs is expected to be incredibly bullish for the XRP price, and the basis of this has been the reaction of BTC and ETH to the launch of the Spot Bitcoin and Ethereum ETFs. Before the launch of the Spot Bitcoin ETFs, the BTC price was trading below $50,000. However, in the months following the approval, Bitcoin rose by more than 100% to reach new all-time highs above $100,000. Related Reading: Ethereum CrossX Indicators Flashes Buy As Insitution Accumulates, Analyst Says Brace For $4,000 If the XRP ETFs are approved this year and follow this pattern, then it is expected that the XRP price will cross $4 this year, beating its 2017 high of $3.8. The influx of institutional funds would make an impact, especially given Ripples mission to make XRP the digital asset of choice for institutions and banks. Featured image from Dall.E, chart from TradingView.com
Santiment’s social data indicates a marked shift in favor of both Dogecoin and XRP. Social commentary can play a crucial role in shaping trading strategies. For XRP, the mood remains overwhelmingly bullish. Investor optimism for Dogecoin (DOGE) and XRP is rapidly growing, fueled by rising social sentiment and speculation surrounding the potential approval of exchange-traded […]
The post ETF speculation around Dogecoin, XRP drives spike in investor optimism appeared first on CoinJournal.
Despite its current lackluster price action, many crypto analysts have agreed through various analyses over the past few years that XRP has a very bright parabolic rally ahead. This sentiment has particularly gained ground due to its price action in Q4 2024, leading to a multi-year high of $3.34 in January 2025. Although XRP has retraced quite a bit from this high, this hasnt stopped bold long-term projections from resurfacing. One of the more striking forecasts comes from a crypto analyst who believes the altcoin will not only rally into double digits soon but eventually stabilize at $1,000 and become one of the most expensive digital assets in the world. Analyst Predicts The Altcoin Will Hit $10 To $20 Before Entering New Bear Market Crypto market commentator BarriC shared a post on social media platform X outlining a future price trajectory for XRP that begins with a major surge in the coming months. BarriCs post begins by criticizing the perception that the current price range, which remains below $3, reflects failure. Instead, he views this phase as an accumulation opportunity before a massive breakout. Related Reading: $10,000 XRP Theory: Factors Analyst Shares Scenarios That Could Drive Growth According to the analyst, there’s a high possibility that the XRP price will climb to somewhere between $10 and $20 in the next few months. Such a move would undoubtedly be accompanied by a surge in the trading volume and activity surrounding XRP. One such primer is if the cryptocurrency somehow gains full utility and adoption with banks in the next few months, or through the launch of a Spot XRP ETF. This surge, BarriC noted, would likely coincide with the final stages of the current altcoin season. Following that, he expects a significant market correction, similar to past cycles, which would bring XRP back down to the $5 to $10 range. Previous cycles dating back to 2016 have typically ended with a sharp 50% market dip. If this happens again, the lower boundary for the next cycle could land between $5 and $10. This mid-cycle dip, according to BarriC, will be the last time XRP is considered cheap before it enters a fundamentally different phase. Banks And Institutional Adoption To Tie Up XRP At $1,000 Permanently BarriCs prediction is ultimately based on banks’ mass institutional adoption of XRP. He noted that when the asset becomes deeply integrated into the daily operations of banks and financial institutions, we will see a $1,000 XRP. Once trillions of dollars begin flowing consistently through the XRP Ledger, there will be no more volatility and bear market phases for its price. Related Reading: XRP Price At $10-$20 Only The Beginning, Its Headed For $1,000 Analyst Reveals At that point, BarriC believes the altcoin will stabilize at a $1,000 valuation, not as a temporary peak but as a structural price floor. In this case, future investors may only be able to afford fractions of one XRP, much like Bitcoin currently. At the time of writing, XRP is trading at $2.30, down by 2.35% in the past 24 hours. XRP has been steadily declining from $2.62 in the past seven days. Featured image from Getty Images, chart from Tradingview.com
As speculation grows around a potential BlackRock XRP ETF filing, industry expert Vandell Aljarrah suggests the asset manager clearly wants to enter the market.However, Aljarrah, who is the co-founder of Black Swan Capitalist, issued a warning to investors about this potential development. He suggested that the anticipated move is less about enhancing crypto adoption and more about profit and control by institutional players.BlackRock Wants an XRP ETF, But There's a CatchIn a recent post, Aljarrah stressed that investors should not automatically equate an XRP ETF with broader access to utility-driven crypto adoption. He argued that while the prospect of an ETF might appear to validate XRP in the eyes of Wall Street, it strips the asset of its inherent functionalities. When held in its native form, market participants can use XRP for real-time remittances, liquidity provisioning, staking, and self-custody. However, an ETF version offers exposure only to price movement, without granting access to these core utilities.Nonetheless, he is confident that BlackRock would express interest in an XRP ETF. Aljarrah further warned that institutions could subtly manipulate ETFs, suggesting that control over the asset changes significantly from individual investors to powerful financial institutions.Momentum Around XRP ETFs GrowsDespite these concerns, the momentum behind XRP ETF filings builds. Since October 2024, a growing number of asset managers have submitted applications to the U.S. Securities and Exchange Commission (SEC). Firms like Bitwise, Grayscale, WisdomTree, 21Shares, and ProShares have all entered the race to launch spot and futures-based XRP ETFs. At press time, multiple applications are under regulatory review. ProShares has secured approval for three futures-based XRP ETFs, including an inverse fund offering -2x exposure.Grayscale, a major player in the crypto investment space, currently manages over $16 million in assets for its XRP Trust. It has partnered with NYSE Arca to seek listing approval. Meanwhile, MEMX, a U.S.-based exchange, filed a proposal to list an XRP ETF similar to those for Bitcoin and Ethereum, under the Commodity-Based Trust framework.While BlackRock has not yet filed for an XRP ETF, market watchers believe it's only a matter of time. The asset management giant has focused on its highly successful Bitcoin and Ethereum ETFs, which collectively pulled in over $43 billion. Analysts suggest that BlackRock is waiting for optimal legal clarity and market readiness before making its move. Industry voices like Nate Geraci of ETFStore predict that BlackRock will not cede the altcoin ETF market to competitors like Bitwise and Grayscale for long.Regulatory Atmosphere Now Favorable Meanwhile, regulatory momentum has shifted in favor of these filings since the resolution of the Ripple-SEC lawsuit. The court ruled in July 2023 that XRP was in itself not a security. Following the SEC's decision to drop its appeal this year and settle with Ripple, institutional restrictions have eased. The SEC has since opened a public comment period for several filings and begun a 240-day review cycle, raising approval odds to over 80% for 2025, according to Polymarket.
Following the XRP price’s stellar performance in the current bull cycle, a crypto analyst has now predicted that the value of the third-largest cryptocurrency could soon soar to $10 or more in 2025. This bullish projection is backed by several key factors expected to drive strong demand and boost global adoption. Factors That Could Push XRP Price To $10 Unlike past cycles, when XRP pumped toward the tail end of the bull market, this time, it has emerged as one of the top-performing altcoins early on. Expanding on this impressive performance, X (formerly Twitter) crypto analyst and XRP supporter Edo Farina has shared a video analysis of the cryptocurrency, predicting the tokens potential price outlook and outlining different factors that could drive this surge. Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? The analyst has highlighted the influence of Bitcoin Dominance (BTC.D), which he sees as a critical indicator for altcoin movements. According to him, BTC.D currently remains relatively high. However, historically, the dominance dropped from 40% to 30%, marking the onset of the altcoin season. This expected drop in Bitcoin’s Dominance could serve as the trigger for a broader altcoin market breakout, positioning the XRP price for a potential 4X rally from current levels. According to Farina, a 4X jump from $2.39 could easily propel XRP toward the $10 mark. Key to this optimism and bullish outlook is the recent resolution of the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple. With legal battles seemingly behind it, XRP is no longer classified as a security in the US, giving Ripple the green light to offer the token to financial institutions. Farina has suggested that this newfound regulatory clarity is expected to bolster investor confidence and lay the groundwork for global adoption. Achieving a $10 price point will also require more than a shift in market sentiment. Farina explains that it will depend heavily on XRPs integration into the global financial system. The analyst argues that XRP must become the cornerstone, especially in cross-border payments and Real World Asset (RWA) tokenization. Ripple has already taken significant steps in this direction, reportedly playing a role in the roll-out of the digital Euro. Ripple is also making strategic acquisitions, such as its acquisition of Hidden Road and the potential purchase of Circle, which could exponentially expand its influence in traditional finance. The analyst further notes that the possible launch of XRP ETFs could significantly impact the tokens price dynamics. If approved by the SEC and more ETFs hit the market, investor demand is expected to skyrocket, potentially driving prices toward or even beyond $10 in 2025. How Much Will 1,000 XRP Be Worth In 2025? In his analysis, Farina estimated how much 1,000 XRP could be worth in 2025 if its price surges to $10 and above. At $10, a modest holding of 1,000 XRP would be worth $10,000. Related Reading: XRP Price Still On Bullish Path To $5 As Long As This Level Holds If financial adoption accelerates as Farina projects, XRP could climb well beyond $10, potentially reaching $100. In that scenario, a 1,000 XRP bag could soar to $100,000 profit, potentially offering life-changing returns for long-term investors. Featured image from Getty Images, chart from Tradingview.com
The XRP price continues to hold support above $2, which now serves as an important level for bulls. This continues as bullish sentiment is the order of the day, and the sellers seem to have run out of steam across the crypto market. With these developments, expectations for the XRP price have shot up significantly. Most especially among crypto analysts, who continue to predict that the altcoin is set for great things and could reach double-digits this bull cycle. XRP Price Still On Track For Mega Candle Crypto analyst Egrag Crypto has been very vocal on X (formerly Twitter) about the bullishness of XRP. The analyst has become known for calling the XRP price increase for months before the impressive 2024 rally. Even as that rally has cooled off and the altcoin is now struggling at support, the crypto analyst has not deviated. Rather, he continues to call out that the cryptocurrency is still quite bullish, which he expects to hit double-digits at some point. Related Reading: CMT-Verified Analyst Reveals When To Buy Bitcoin As Heikin Ashi Candle Turns Bearish In a recent post, the crypto analyst explained that the XRP price is still on track to move upward. In what he calls the blue ocean, Egrag Crypto points out that investors are now swimming with sharks. In this case, XRP is being gobbled up at a rapid pace, which could set it on a path to see rapid recoveries. With the positive sentiment rising, the crypto analyst sees the XRP price exploding soon. He explains that a mega green candle is on the way, and this could drive the price finally above double-digits. In this blue ocean, Egrag Crypto sets three price targets. The first is $9.5, and then moving further into $17. Last but not least is the $27 target, something that the crypto analyst has continuously predicted for over a year now. Currently, the XRP price is still trading just above the $2 support, so this means that it has a long way to go before it hits the analysts targets. The expectation of XRP ETFs being launched has also been put forward by many in the community as a potential factor that could trigger a rise in the XRP price. Related Reading: Crypto Analyst Reveals XRP Price Crash In The Short-Term, Heres The Target Previously, there had been rumors that the ProShares XRP ETFs would launch on April 30. However, Bloombergs ETF expert James Seyffart has said that there are no plans to launch on this date, and there is no specified date yet. Nevertheless, the fund is expected to launch its XRP ETFs in the short to medium term, and this is expected to be a catalyst for an XRP price increase. c
The US SEC has delayed its decision to approve or disapprove Franklin Templeton’s application for a spot XRP ETF. SEC has extended the period of review for the XRP ETF to June 17, 2025. ETF expert James Seyffart says most of the final verdicts for most ETF proposals are made in October or later. The […]
The post SEC delays decision on Franklin Templetons spot XRP ETF appeared first on CoinJournal.
The XRP price is eyeing a surge of 20% as it looks to reach a major resistance zone at $2.50, providing a bullish outlook for the altcoin. This projection comes amid XRPs pullback to retest the breakout zone, with a confirmation of this breakout likely to lead to new highs. XRP Price Eyes 20% Surge To $2.51 In a TradingView post, crypto analyst Liam indicated that the XRP price could soon rally to the key resistance level at $2.15803. The analyst highlighted $2.29387 and $2.40995 as the other key resistance levels for the altcoin. Meanwhile, he mentioned that $2.18880 and $2.08373 are the key support zones to keep an eye on. Related Reading: Crypto Analyst Says XRP Is Dead Sentiment Is A Lie, Reveals The Truth Liam also commented on the current XRP price action and what needs to happen for the altcoin to reach this $2.51 target. He noted that the altcoin recently broke above a key consolidation range but is now pulling back to retest the breakout zone. If the support between $2.18880 and $2.08373 holds, then the altcoin could initiate a strong bullish rally towards the resistance zones, with $2.51803 as the major target. The crypto analyst advised market participants to closely monitor price action around the retest zone. He claimed that a strong bullish rejection from support could offer a high-probability long opportunity toward the higher targets. The XRP price currently boasts a bullish outlook, with the broader crypto market witnessing a reversal from recent lows. XRPs fundamentals also support a price. CME Group recently announced plans to launch XRP futures contracts in May, while ProShares Trust XRP ETF could launch soon, which would also provide institutional investors with exposure to the fourth-largest crypto by market cap. $2.24 Is Also A Major Resistance To Keep An Eye On Crypto analyst CasiTrades suggested that $2.24 is another major resistance level to keep an eye on for the XRP price. She noted that this level has been a key focus for weeks. XRP recently broke above this level as it surged to $2.27 but faced strong rejection, and is now looking to retest $2.24 as resistance. Related Reading: XRP Vs. Bitcoin: Ripple Drops Bombshell On Which One Is Better CasiTrades asserted that price remains vulnerable to deeper support until it can reclaim and close above $2.24. On the bullish side, the analyst claimed that this is a critical area that needs to be respected to keep bullish momentum intact. Crypto analyst Dark Defender assured that XRP will continue to climb to the top. His accompanying chart showed that the altcoin could reach as high as $8 in this market cycle. At the time of writing, the XRP price is trading at around $2.28, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Brazil has beaten the United States to launch the first-ever spot XRP ETF, unlocking new options for the countrys investors.Prominent asset manager Hashdex has launched the XRP spot exchange-traded fund (ETF) on Brazils B3, the country's largest stock exchange and the largest in Latin America. The funds, which debuted on April 25, would provide investors with alternative exposure to the XRPL native token.XRP ETF Enters the Latin America MarketXRP is the third-largest cryptocurrency by market capitalization, excluding stablecoins, with a current value of $125 billion. Despite its prominence in the crypto space, regulatory hurdles, along with other setbacks, have prevented the debut of a spot ETF tracking its performance until now.Notably, Hashdex has now launched the product in Brazil, putting all other countries under pressure. Launched under the ticker XRPH11, the fund will track XRPs price changes using the Nasdaq XRP Reference Price Index.Furthermore, Hashdex will issue the Hashdex Nasdaq XRP Fund de Indices, while Brazils notable financial service platform Genial Investimentos will manage the funds. Hashdex tapped Genial Bank SA as the ETF's custodian.Remarkably, Hashdex will invest at least 95% of the funds assets directly or indirectly in XRP through futures contracts, securities, and other forms of exposure referencing the Nasdaq Reference Price Index. Hasdex Expanding Its Reach in BrazilNotably, the fund launched yesterday after the Brazilian Securities and Exchange Commission (CVM) gave its regulatory nod in February. Notably, the securities watchdog also recently approved Hashdexs Solana spot ETF.With the launch, the Hashdex Nasdaq XRP Fund de Indices becomes the asset managers ninth ETF trading on the B3 stock exchange. Hashdex already offers ETFs of prominent crypto assets, including Bitcoin, Ethereum, and Solana.Meanwhile, the XRP ETFs annual management cost stands at 0.8%. The funds will charge investors a maximum global yearly fee of 0.7% and 0.1% in custodian fees. However, there is zero structuring fee for the funds.The United States Under Pressure?Interestingly, despite XRPs nativity in the United States, there is still no spot ETF available for market users in the country, despite the recent introduction of a leveraged ETF product last week. In fact, Ripple, a cross-border payment financial firm affiliated with the XRP ecosystem, recently made progress in settling a regulatory dispute with the US Securities and Exchange Commission (SEC).Following the dark regulatory clouds that covered the US before now, Donald Trumps administration is set to make a difference. After vowing to make America the crypto capital of the world, his tenure has introduced measures pushing for regulatory clarity in America, sparking an altcoin ETF application frenzy from prominent asset managers.For context, Grayscale and Franklin Templeton, among others, have filed for XRP spot ETFs as the regulatory landscape continues to become more favorable. With Brazil taking the lead with the launch, the United States might be keen on joining the parade next to keep investors with an appetite for exposure to the product.Meanwhile, according to crypto prediction platform Polymarket, the odds of an XRP launch in the United States stand at 73%.
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