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The U.S. Securities and Exchange Commission has officially acknowledged the XRP ETF application that was filed by 21Shares

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Grayscale's application to list a spot XRP exchange-traded fund (ETF). The post Is a $10 XRP Possible? SEC Advances Grayscale's ETF Proposal appeared first on Cryptonews.

Bitcoin is trading in a tight range, pointing to a possible breakout in the near future.

Ripple CEO Brad Garlinghouse met with several senators and state representatives to discuss crypto policies, and he left the meeting hopeful.

XRP price jumps after SEC acknowledges Grayscale's XRP ETF filing, marking a shift in the regulator's stance.

The SEC has acknowledged Grayscale's proposals for Dogecoin and XRP spot ETFs and is seeking public input before making a decision on their approval.

XRP and Dogecoin surge after the U.S. SEC acknowledged Graycale's applications for XRP and DOGE spot ETFs. Plus, GameStop considers buying bitcoin and South Korea lifts a ban on crypto trading in a sign of greater global acceptance of digital assets.

As more and more experts are certain that spot ETFs on major altcoins will be approved in the U.S., cryptocurrency educator, investor and speaker Dan Gambardello says we are about to enter a brand-new territory. New developments unlock previously unseen opportunties for large institutional investors.

Ripple CEO Brad Garlinghouse is optimistic about the progress of crypto regulations in the United States after engaging with lawmakers in Washington, D.C. In a Feb. 13 post on X, Garlinghouse shared that he met with several policymakers in Washington, D.C.

US President Donald Trump's administration may be shelving plans for a formal “Crypto Council” in favor of a series of informal summits featuring a rotating cast of industry leaders.

Ripple's native crypto, XRP, decoupled from the heavy selling pressure emerging in the market due to the failure of Bitcoin to regain $100K. XRP turned out to be one of the biggest gainers of the day, while other major cryptos printed red indexes or gained marginally.

XRP rose 6.57% to $2.72. A significant increase in on-chain activity coincides with this price increase as the volume of XRP payments soars to 845 million.

XRP continues to hold firm above the $2 support level, maintaining investor interest despite broader market uncertainty.

Currently valued at $0.20, Rexas Finance (RXS) is a new cryptocurrency causing much discussion in the crypto world because of its similarities with Ripple (XRP). Over the years, XRP's price has surged dramatically, particularly in 2017, when it shot from undervaluation to an ATH.

XRP has been bullish on many fronts within the last 48 hours. The token's price has experienced a massive rebound, resulting in mild liquidations for traders holding long and short positions in the last hour.

The Securities and Exchanges Commission acknowledged a filing by the New York Stock Exchange and Grayscale for an XRP ETF on Thursday.

Stellar (XLM) has risen over 10% in the last 24 hours, closely mirroring the upward movement of XRP. This rise comes amid optimism that more cryptocurrencies will soon join Bitcoin (BTC) and Ethereum (ETH) in acquiring their spot exchange-traded funds (ETFs), as the SEC reveals new updates on crypto ETF filings.

Stellar (XLM) was also a top performer, gaining 6.1% from Thursday.

The Securities and Exchange Commission has acknowledged Grayscale's applications for spot Dogecoin (CRYPTO: DOGE) and XRP (CRYPTO: XRP) ETFs. This step signals that the agency is willing to consider the proposals, a shift from its previous tendency to dismiss similar applications for alternative cryptocurrencies.

The XRP price turned green for four consecutive days as Ripple ETF odds surged on Polymarket and as most XRP Ledger tokens rallied. Ripple (XRP) rose to $2.

"Remember, anything below $3.40 is merely noise in the market," one popular analyst stated.

After breaking out of a prolonged consolidation, XRP, the native token of Ripple Labs, appears to be struggling as whales and long-term holders have been dumping XRP tokens onto exchanges.

Over the last 60 minutes, XRP currently fluctuates between $2.69 and $2.75, marking a 12.5% daily gain, with its valuation reaching $158 billion. Trading activity over 24 hours totals $6.58 billion, while intraday price swings span $2.42 to $2.77. The digital asset on Friday lingers 18.7% beneath its historic peak.

TL;DR Grayscale files for XRP and DOGE ETFs, and the SEC begins a 240-day review process. XRP's improved legal standing post-2023 court ruling may strengthen its ETF case, while DOGE faces regulatory scrutiny. Market reactions are positive, but experts caution that SEC acknowledgment does not guarantee approval.