SEC acknowledges Grayscale's XRP ETF filing – Will this push altcoin to $3?
Speculation about any altcoin's ETF odds are all the rage these days.
Keep up with what's happening in the crypto world in real-time.
Speculation about any altcoin's ETF odds are all the rage these days.
Cryptocurrency prices rebounded on Saturday, with Bitcoin moving above $97,500 and the market cap of all tokens soaring to $3.25 trillion. The crypto fear and greed index exited the fear zone and moved neutral at 43. So, let's explore some of the top-performing crypto market stories of the day.
Momentum builds for an XRP-spot ETF as the SEC acknowledges filings. Could this be the catalyst XRP investors have been waiting for?
The crypto market on Saturday again garnered investor attention across the globe, with coins mainly illustrating rising price trajectories. Bitcoin (BTC) price traded near the $98K level on February 15, whereas Ethereum (ETH), Solana (SOL), and XRP prices pumped 1%-10%.
Crypto analyst Dark Defender has predicted that the XRP price could soon rally to a new all-time high (ATH) of $5. The analyst revealed a bullish pattern that had formed for XRP, which showed that the crypto could reach this price target and rally higher.
Ripple CEO Brad Garlinghouse recently endorsed Brian Quintenz for CFTC chair, emphasizing the CFTCs vital role in maintaining strong U.S. markets. Garlinghouse also supported the Financial Innovation and Technology for the 21st Century Act (FIT21), which seeks to make the CFTC the primary crypto industry regulator.
XRP has experienced a strong price rebound over the past 48 hours, resulting in $1.07 million in liquidations, according to CoinGlass data. Of this, $596,580 was from long traders, while short traders accounted for $476,140.
Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target.
Solana is currently recovering a sizable portion of its lost value which suggests a possible reversal. On the chart a hidden head and shoulders pattern is developing though and it might be a significant indication of an approaching retracement.
Ripple's (XRP) February stagnation has caused concerns among altcoin investors who are now looking for ways to undo recent losses. RCO Finance has presented itself as a cheap altcoin alternative that uses an AI-based approach to streamlining participation in the finance sector.
XRP has seen a significant price surge today, outperforming top cryptocurrencies like Bitcoin and Ethereum. After several days of sideways movement, XRP's price has surged from $2.42 to an intraday high of $2.76, marking a 14% gain.
Ripple (XRP) price surged 7% on Friday amid bullish sentiment fueled by the SEC's acknowledgment of Grayscale's XRP and Dogecoin ETF filings. With open interest lurking below $4 billion, bull traders are eyeing a potential retest of the $3 territory.
XRP's price action within the past seven days has been limited to a trading range as investors look to recover the losses they incurred at the beginning of February. This range is a consequence of the current indecisiveness on the XRP price.
Crypto markets are experiencing strong momentum on Friday, with key assets posting gains. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $98,205.44 +2.7% Ethereum (CRYPTO: ETH) $2,744.60 +3.9% Solana (CRYPTO: SOL) $202.28 +5.2% XRP (CRYPTO: XRP) $2.79 +13.5% Dogecoin (CRYPTO: DOGE) $0.2775 +8% Shiba Inu (CRYPTO: SHIB) $0.00001688 +4.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.8% and daily active addresses growing by 5.3%.
XRP has become a major focus in the cryptocurrency market as its price has surged over 70% since the start of the year, reaching a seven-year high. The growing optimism around a potential approval for a spot XRP ETF by the U.S. Securities and Exchange Commission (SEC) has further fueled the bullish sentiment.
Weiss Crypto, a branch of financial rating agency Weiss Crypto, has poured cold water on the surrounding the Ripple-affiliated XRP cryptocurrency.
After dropping below the psychological price of $2.5, XRP is back in full swing since bullish momentum is building up.
Cardano's founder, Charles Hoskinson, is confident that ADA, Ethereum, and XRP will be the best performers in the current cryptocurrency space. In an episode of the Gokhstein Media podcast on February 13, he provided his view on the market's strength, the role of institutions, and the factors driving its growth.
While XRP (CRYPTO: XRP) surged 12% over the past seven days, Bitcoin (CRYPTO: BTC) has been struggling with sideways movement, weighed down by macro uncertainty, according to a prominent trader What Happened: Crypto trader CrediBULL Crypto highlighted in a post on X on Friday that XRP is reaching key resistance levels earlier than expected, while Bitcoin has yet to break above $100,000. Initially, traders expected XRP's move to align with a BTC breakout, but now there's uncertainty about whether this signals XRP's relative strength or Bitcoin's weakness.
XRP price has surged 10% in the last 24 hours, with its trading volume skyrocketing nearly 50% to $8 billion. This strong momentum has pushed XRP's Relative Strength Index (RSI) back into overbought territory for the first time in almost a month.
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged an application for an XRP exchange-traded fund (ETF) filed by 21Shares. This marks another step in the growing interest in XRP-based investment products.
President Donald Trump's Solana meme coin has skyrocketed again, while major coins like Dogecoin and XRP show their own sizable increases.
The SEC's acknowledgment of Grayscale's XRP ETF sparked optimism among traders, with Polymarket odds projecting an 81% possibility of approval in 2025.
XRP is upbeat once again on another promising ETF filing. However, there are much more supportive fundamentals arond the coin.
