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Brazil's financial regulator has approved the world's first spot XRP ETF, managed by Hashdex, while similar products await approval in other markets including the United States.

The SEC has begun reviewing multiple XRP ETF applications from major financial firms while Brazil approved the world's first spot XRP ETF, causing the cryptocurrency's price to rise above $2.70.

XRP price has recorded gains of over 6% today amid a flurry of positive market trends that have boosted the market sentiment. Notably, the surge in Ripple's native asset comes amid a broader crypto market recovery, indicating renewed confidence of the investors towards digital assets.

Brazil has made history by approving the first spot XRP exchange-traded fund (ETF), taking the lead ahead of the U.S. and other major markets. The country's Securities and Exchange Commission (CVM) has given Hashdex the go-ahead for its XRP ETF.

The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the cryptocurrency XRP, has captured significant attention within the crypto world. Ripple is facing charges from the SEC that its token XRP constitutes a security, a stance that has created uncertainty for XRP's future.

The BBRL stablecoin will only be initially available to institutional clients but the bank has big ambitions for expansion.

XRP's price rally follows the acknowledgment of multiple XRP filings by the SEC and rumors of delay in Ripple's legal battle with the agency.

Whales have begun accumulating XRP, but will that have an effect on the market?

Will the SEC pause the Ripple case, just like it did with Binance and Coinbase? This question has been circulating with increasing speculation. A significant development fueling this uncertainty is the reassignment of the SEC's lead litigator for major cryptocurrency cases.

XRP, the native token of Ripple Labs, is showing signs of recovery after a period of decline, as it seems to be finding support from key market forces. As of February 19, 2025, XRP's price has made a notable uptick, reaching $2.61, marking a 1% increase in the last 24 hours.

United States President Donald J. Trump shared two articles about Ripple on his Truth Social platform, igniting speculation over the potential implications for both Ripple and its native token, XRP.

Brazil's Securities and Exchange Commission gave the greenlight to the Hashdex Nasdaq XRP Index Fund, currently in a pre-operational phase.

Ripple's XRP has currently drifted into the green zone and is trading above the $2.70 levels after gaining 6% in the last 24 hours. According to an analyst, XRP's price on the daily time frame is currently retesting a significant resistance zone between $2.65 and $2.80.

XRP price is up over 5% from the $2.50 support. The price is showing positive signs and might aim for a move above the $2.820 resistance zone.

Will SEC rescind Ripple lawsuit as it advances XRP ETF applications by various issuers?

SEC's regulatory shift sparks optimism for crypto markets. XRP-spot ETF speculation grows as the SEC acknowledges new applications.

Wall Street is increasingly eyeing up XRP (XRP), as the US Securities and Exchange Commission (SEC) acknowledged yet more spot ETF applications on Wednesday. The post Wall Street Eyes XRP as SEC Reviews ETF – Could This Be the Catalyst for a Massive Rally? appeared first on Cryptonews.

XRP, the native cryptocurrency of Ripple Labs, is experiencing a renewed wave of bullish sentiment after a recent price surge. On February 19, 2025, the price of XRP surged by 6.5%, rising from $2.51 to $2.65 in just 24 hours.

Braza Group, an international payment firm, has introduced BBRL stablecoin, a digital currency linked to the Brazilian Real using the XRP Ledger (XRPL). The company says BBRL will help people and businesses make transactions more easily and safely.

Brazil is set to be the first country to launch a spot XRP ETF after the country's regulator gave the green light to Hashdex's product.

Due to its resilience, Ethereum is raising hopes that it can avoid the daily chart's dreaded death cross formation. The 50-day moving average crossing below the 200-day MA, known as a death cross, frequently indicates bearish momentum and additional price drops.

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged WisdomTree's application to list and trade shares of an XRP exchange-traded fund (ETF).

The SEC has previously acknowledged spot XRP ETF filings from 21Shares, Bitwise Grayscale, and CoinShares.

The SEC is postponing actions on prominent crypto enforcement lawsuits, which may be a way of buying time to dismiss them. It has already postponed the deadline for the Coinbase case but hasn't dropped its biggest lawsuits yet.