JPMorgan supports the spot ETF on XRP (Ripple): the price of the crypto aims at $8 dollars
JPMorgan believes that in the coming months regulators will finally agree to list spot ETFs on Ripple (XRP) on US exchanges.
Keep up with what's happening in the crypto world in real-time.
JPMorgan believes that in the coming months regulators will finally agree to list spot ETFs on Ripple (XRP) on US exchanges.
XRP price has continued to stay in the red, reflecting the cautious stance of the investors towards the token. Notably, the stagnant price action of the token has left many market participants questioning, despite the positive market developments.
XRP price has plunged 28.5% from its January peak, with open interest down 52% and bearish technical patterns signaling a further 30% decline.
The uncertainty over the crypto market continues to hover as the prices of major tokens remain within a restricted range. The start of the week was neither bullish nor bearish, displaying the traders being unsure of the next price action. Meanwhile, the market capitalisation is maintaining a declining trend with the resistance lowering every day.
The crypto market continues recording a bearish price action this month. This has resulted in the top cryptocurrency tokens plunging below their important support levels within a short period. Notably, market leaders, Bitcoin, Ethereum, and Ripple coins have experienced a similar price action, highlighting increased bearish sentiment.
On February 10, 2025, President Trump's announcement of a 25% tariff on all steel and aluminum imports caused a dip in the total cryptocurrency market.
In the realm of cryptocurrencies, a perplexing forecast has surfaced whereby an aspirational price objective of $10,000 for XRP is generating waves on trading platforms and social media. With the current price at $2.38, both experienced traders and newbies should find this prognosis very striking.
The cryptocurrency market exhibited continued volatility on Monday, February 10, as market sentiment remained uncertain. Bitcoin (BTC) traded around $97,000, experiencing marginal losses, while altcoins such as Ethereum (ETH), XRP, and Solana (SOL) struggled to gain traction. The global cryptocurrency market cap was at $3.14 trillion, a 0.80% drop in the past 24 hours.
XRP has been relatively quiet over the weekend, with little sign of a strong breakout. While the broader crypto market remains volatile, XRP is currently in a corrective phase, and there's no clear indication of a major move upward for now.
XRP price struggled to continue higher above the $2.720 zone and recently corrected gains. The price is moving lower and might struggle to stay above $2.2650.
XRP and BTC at Crossroads: SEC appeal, US Bitcoin Reserve plans, and tariff tensions to influence cryptos' next moves. Will markets rally or retreat?
Following a brief decline, Bitcoin is currently showing a moderate recovery at around $96,934. Since Bitcoin is consolidating close to important support levels, market sentiment is still cautiously optimistic.
Speculation around the potential adoption of XRP by banks in Japan has been gaining traction, though it remains unconfirmed. However, such a development could have significant implications for the cryptocurrency's price.
XRP saw a double-digit drop in its futures open interest, but is it a sign that the altcoin's triple-digit rally is ending?
XRP has been on the radar of cryptocurrency investors for quite some time now, and the latest prediction by analyst Javon Marks has taken the crypto world by storm. Marks has suggested that XRP could surge by a staggering 3,900% in this cycle, potentially hitting $99.
As of Feb. 9, 2025, XRP hovered at $2.41, commanding a market valuation of $138 billion—trailing behind USDT's $141 billion valuation in fourth spot—while posting a 24-hour turnover of $3.2 billion and an intraday dance between $2.39 and $2.50. XRP XRP's 1-hour chart reveals a phase of lateral equilibrium, with prices oscillating between $2.
Ripple (XRP) has been experiencing significant volatility recently, with its price dropping by 27% from its $3.40 peak in less than a month. Despite this downturn, some investors believe there might still be a reason to hold onto the token rather than sell in the face of these losses.
According to data from CoinMarketCap, XRP recorded a substantial price decline in the past trading week losing 16.78% of its market value. Currently, the prominent altcoin finds itself in a consolidation zone potentially gathering momentum for its next breakout.
The future of XRP remains a hot topic within the crypto community, with some enthusiasts forecasting an astronomical price surge. A recent analysis from market pundit Gen A explores the possibility of XRP reaching an audacious $10,000 per token.
One recent poll has stirred the waters among XRP enthusiasts as the cryptocurrency market remains a battleground of predictions.
Dogecoin (DOGE) and XRP have long been key players in the crypto market, but recent price struggles have left investors searching for more promising opportunities. DOGE, once a meme-fueled powerhouse, has seen slowed momentum, while XRP continues to face regulatory uncertainties that weigh on its price action.
The crypto market recorded slight gains following increasing bull activity in the last 48 hours. Bitcoin (BTC), Ethereum (ETH), Solana, and XRP led a sharp turn as other altcoins struggled in the same period.
BitLemons ($BLEM) has quietly raised $1 million in its private seed round, positioning itself to disrupt the $450B traditional casino market.
Ripple CEO Brad Garlinghouse is reportedly being considered for a seat on Donald Trump's newly formed Crypto Advisory Council. Will XRP reach new highs in 2025?
