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Issuers like VanEck, 21Shares, Bitwise, WisdomTree and Canary Capital are all seeking to launch new altcoin ETFs later this year.

The US Securities and Exchange Commission will proceed with its opening brief for the appeal of the court ruling in its case against Ripple Labs over the classification of XRP. Ripple Labs Chief Legal Officer Stuart Alderoty disclosed this on X, noting that the agency refused its request to postpone the filing.

The native token of the XRP Ledger has “one of the most bullish setups in crypto right now” after retesting its potential breakout zone, which means it could soon see a significant upward move to new highs.

Cryptocurrency markets are seeing gains across the board despite ongoing ETF outflows, indicating underlying strength in the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,344.48 +4.7% Ethereum (CRYPTO: ETH) $3,201.80 +6.2% Solana (CRYPTO: SOL) $186.30 +5.2% XRP (CRYPTO: XRP) $2.65 +7.9% Dogecoin (CRYPTO: DOGE) $0.3527 +8.6% Shiba Inu (CRYPTO: SHIB) $0.00002138 +5.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 34.7% and daily active addresses up by 4.5%.

In its last move against Ripple under the current administration, the U.S. Securities and Exchange Commission is on track to file its opening brief in its appeal of the case later this week.

Ripple executives have criticized the U.S. Securities and Exchange Commission over its recent approach and legal strategies, as Ripple's XRP token sees increased trading activity.

Chad Steingraber, a game developer and prominent XRP community figure, has made a case for XRP reaching an astronomical $20,000 per token. Drawing on several key factors, Steingraber outlines a potential roadmap for this ambitious rally, focusing on XRP's deflationary design, institutional adoption, and the possibility of a supply shock that could send prices surging.

XRP has shown remarkable resilience over recent weeks, attracting attention from analysts. One of the most notable predictions comes from market expert EGRAG, who has revisited his analysis of XRP's megaphone pattern.

JPMorgan Chase expects that potential Solana (SOL) and XRP exchange-traded funds (ETFs) could see multi-billion dollar inflows. VanEck's head of digital asset research Matthew Sigel reports on the social media platform X that JPMorgan says SOL and XRP ETFs could attract up to $16 billion in total.

XRP (CRYPTO: XRP) has gained 16% over the past week, fueled by growing confidence in Ripple's legal battle and the anticipated launch of XRP ETFs. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.67 $153.7 billion +9.8% +16.2% Bitcoin (CRYPTO: BTC) $96,573.27 $1.9 trillion +5.4% -0.5% Ethereum (CRYPTO: ETH) $3,217.65 $387.6 billion +7.4% -6.2% Trader Notes: Crypto chart analyst Ali Martinez sees XRP as one of the most bullish setups after a successful retest of the breakout zone.

XRP price has surged roughly 8% in the last 24 hours, pushing its market cap to $147 billion and solidifying its position as the third-largest crypto, behind Bitcoin (BTC) and Ethereum (ETH). This rally has sparked renewed interest among traders, with technical indicators showing mixed signals on whether the momentum will continue.

San Francisco-based blockchain company Ripple has announced that it is donating $100,000 worth of XRP in order to assist wildfire relief efforts in California via The Giving Block.

Ripple has pledged $100,000 in XRP to aid recovery efforts for communities affected by the ongoing California wildfires. The donation will benefit nonprofit organizations World Central Kitchen and GiveDirectly, focusing on both immediate relief and long-term rebuilding support.

Austin King, co-founder of Omni network, who sold his company to Ripple, believes the firm is working towards increasing XRP's presence in global banking.

Dogecoin, XRP, and Bitcoin have not only rebounded from Monday's plunge but are actually flying higher on Tuesday.

XRP has gone on a tear once again, surpassing $2.65 for the first time since mid-December.

"Accept it if you will, reject it if you must, but I offer it with good intent," he said.

Analysts at America's biggest bank, JPMorgan, have projected that spot market XRP exchange-traded funds (ETFs) might see inflows of up to $8 billion. According to a recent JPMorgan report, XRP ETPs may eclipse the performance of ETFs tied to the world's second-largest token, Ethereum (ETH), in their first six months of trading.

The launch of spot Solana (SOL) and XRP exchange-traded products could eclipse the performance of established exchange-traded funds (ETFs) offering exposure to bitcoin and ether in their first few months of trading, according to a recent JPMorgan report.

As the broader cryptocurrency market registers an altcoin rally, Dogecoin (DOGE) has taken a staggering lead. The meme coin has soared past other notable assets like XRP, Solana (SOL) and Cardano (ADA), which have all recorded impressive price upticks in the last 24 hours.

XRP is trading at $2.576, up 4.9% in the last 24 hours, with a market cap of $148 billion, a 24-hour trading volume of $6.92 billion, and an intraday price range of $2.43 to $2.603.

A crypto whale has moved 30 million XRP tokens worth $76.15 million from the Upbit.

Approval of Solana and XRP ETFs could significantly boost crypto market legitimacy and attract substantial institutional investment. The post JPMorgan predicts Solana, XRP ETFs could draw up to $14 billion in first 12 months if approved appeared first on Crypto Briefing.

TL;DR Solana and XRP ETFs are projected to attract billions in new investments if approved. The U.S. Securities and Exchange Commission (SEC) will make preliminary decisions on Solana ETF applications before the end of January. JPMorgan predicts Solana and XRP ETFs could outperform Ether ETFs in their first six months of trading.