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Canary Capital, WisdomTree, 21Shares and Bitwise are the latest fund managers bidding to launch XRP exchange-traded funds.

Bitwise, 21Shares and Canary Capital filed Thursday for an XRP exchanged-traded fund with the Cboe BZX Exchange.

The XRP ETF filings could accelerate mainstream adoption and regulatory clarity, impacting the broader cryptocurrency market landscape. The post XRP ETF race begins as WisdomTree, Bitwise, 21Shares, and Canary submit 19b-4 filings appeared first on Crypto Briefing.

CBOE BZX Exchange has filed 19b-4 applications for top asset managers pushing for XRP ETF with the US Securities and Exchange Commission (SEC). Specifically, the 19b-4s belong to Bitwise, Canary Capital, 21Shares and WisdomTree.

Mike Novogratz, the CEO of Galaxy Investment Partners, has one thing to say about the XRP Army: they've proven that community is an economic force. Mike admitted that crypto's most rabid fanbases, like XRP's, have completely changed how investors view value.

Despite positive catalysts like institutional adoption and discussions around Bitcoin's potential inclusion in sovereign wealth funds, the cryptocurrency market is trading lower on Thursday, with traders closely watching Bitcoin's $95,500 support level. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,588.31 -1% Ethereum (CRYPTO: ETH) $2,710.63 -2% Solana (CRYPTO: SOL) $191.80 -3.7% XRP (CRYPTO: XRP) $2.33 -4.4% Dogecoin (CRYPTO: DOGE) $0.2481 -4% Shiba Inu (CRYPTO: SHIB) $0.00001505 -5.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.9% and daily active addresses falling by 3.4%.

Ripple CEO Brad Garinghouse is celebrating his 54th birthday on Feb. 6 after securing some key wins on the regulatory front.

XRP price recently faced a sharp pullback after a strong rally pushed it from $0.50 to a multi-year high of $3.40. The Ripple has since dropped nearly 25%, showing increased volatility, and is currently hovering around $2.5.

XRP's price action has taken a sharp downturn in the past 24 hours to extend its seven-day losses. Notably, this downturn has seen the asset slipping below a critical support level at $2.50 after weeks of intense work to break above it.

XRP (CRYPTO: XRP) has dropped 26% in the past seven days, mirroring broader market weakness that has pushed Bitcoin (CRYPTO: BTC) below $100,000. Despite the pullback, strong fundamentals could help XRP recover.

Ripple's native token, XRP, has encountered some challenges recently, facing a more than 3% decline in its value and revisiting levels below the $2.50 mark. The coin dropped to a low of $2.36 within the last 24 hours, triggering some concerns in the market.

Another crypto market crash has occurred, with Bitcoin, XRP, Solana, and Dogecoin prices experiencing significant declines. This development comes amid economic uncertainty and the bearish sentiment among investors.

Ripple, a prominent player in the blockchain-based payment industry, is experiencing significant operational shifts as a result of recent changes in U.S. crypto regulations. Stuart Alderoty, Ripple's Chief Legal Officer, recently shared his thoughts on the evolving landscape in the U.S. during an interview with CNBC.

XRP has emerged as one of the standout performers in the crypto market this year, fueled by a series of legal victories and renewed optimism following President Trump's return to power. Amid this unexpected rally, Tristan Tate took to X to question why XRP commands such unwavering support from its most dedicated holders.

Data suggests traders in Korea played a big role in buying the XRP dip below $2.

Three of the top coins have shed a quarter of their respective value in the last week as Bitcoin struggles amid Trump's trade war.

There was a massive 1,455% gap between liquidated long and short positions on the XRP perpetual futures market in just one hour. Data from CoinGlass puts the total liquidation in that short period at $920,000.

Some analysts are eyeing a potential drop to $1.60, yet Korean traders' accumulation and bullish wave projections suggest a long-term target as high as $18.

XRP has recently flashed a "death cross" on its four-hour chart, sparking concerns among traders as uncertainty looms over the broader cryptocurrency market. The death cross, a bearish technical indicator, occurs when the short-term moving average drops below a longer-term moving average, indicating that an asset may face downward pressure.

A market expert has boldly proclaimed that all XRP holders might ultimately become millionaires. Related Reading: XRP Price Struggles to Keep Pace: What's Holding It Back?

XRP recently attempted to form a new all-time high but faced resistance due to market top pressure. The failure led to significant losses for investors as selling pressure increased.

Dogecoin (DOGE) has captured the attention of investors with its long wick formation on the daily chart. Tardigrade forecasts this wick could trigger an upsurge to $1. Meanwhile, IntelMarkets (INTL) has emerged as the best crypto to buy now.

In the final two months of 2024, XRP (XRP -4.69%) was one of the best-performing cryptocurrencies in the world. In that period, XRP skyrocketed from a price of $0.50 to $2 for a mind-boggling gain of 300%.

Jorge Tenreiro was reportedly transferred to the IT department.