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21Shares has taken a significant step by filing for an XRP-focused ETF, signaling strong institutional confidence amid Ripple's legal challenges.

The crypto exchange-traded fund (ETF) provider 21Shares is now trying to launch an XRP-focused ETF in the United States. The firm filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC) on Friday.

In a move that signals growing interest in crypto-based investment products, Canary Capital Group recently filed an application with the Securities and Exchange Commission (SEC) for approval of an XRP exchange-traded fund (ETF).

In a recent tweet, Ripple CEO Brad Garlinghouse highlighted growing institutional interest in XRP.

Ripple's recent activity has highlighted a bearish trend, with a rejection at the 200-day moving average of $0.53. This resistance has halted the cryptocurrency's previous upward momentum, driving the price back toward the $0.5 support level.

In December 2020, the SEC sued fintech company Ripple, alleging that the company violated the law by raising funds by selling XRP without first registering it as a security. The case has been keenly watched due to its implications for the SEC's regulatory authority over cryptocurrency.

This past week, the XRP price had a chance for a major breakout. On Tuesday, the price reached $0.53 before dropping almost 6% on Oct. 31.

The rapidly evolving world of cryptocurrency, few developments are as closely watched as the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Recently, Ripple CEO Brad Garlinghouse made a significant move by requesting a final judgment in the class action claims against his company.

XRP price has entered a phase of steady consolidation, staying within a tight trading range above $0.53. Despite a downturn impacting the broader cryptocurrency market, XRP has maintained its ground, suggesting a period of stability for the Ripple.

Analyzing the Q3 report of Ripple is one of the best ways to understand the latest trends in the XRP market. The report, released recently by Ripple, reveals how the market performed between July and September, 2024. Here are the key insights. The Q3 ‘24 XRP Markets Report is now live.

XRP gains momentum as Ripple's network expansion stirs bullish sentiment. Could this growth be the catalyst for a rally to $10? The post XRP Price Analysis: Will Ripple's Network Expansion Fuel a Rally to $10? appeared first on Cryptonews.

November has arrived, and Ripple has shocked the market, preparing what could be its largest monthly dump in seven years. The company, XRP Ledger (XRP)'s core developer and largest holder, reserved 470 million XRP to sell, worth $240 million.

Ripple experienced notable growth in the third quarter. The firm saw a boost in transaction volume on the XRP Ledger and an increase in institutional interest in its XRP token.

Ripple's Q3 2024 Report shows XRP's non-security status remains upheld, but SEC challenges persist. Ripple CEO Brad Garlinghouse criticizes the SEC, calling their crypto war a series of “lost battles” that erode regulatory credibility.

XRP, currently the seventh largest cryptocurrency by market capitalization, has experienced a remarkable surge in trading volumes over the past 24 hours, jumping by more than 40%. This uptick in trading comes on the heels of a new update regarding the Ripple-SEC lawsuit, which is currently in the appeals phase.

21Shares has just filed a spot ETF application for XRP with the SEC, becoming the third major player to attempt to introduce this type of financial product in the U.S. crypto market.

The latest development in the XRP ETF market scenario indicates that the legal battle between the US Securities and Exchange Commission and Ripple has not diminished institutional interest in XRP.

Despite the sudden recovery in major altcoins, the XRP price action reveals a struggling bullish attempt at a recovery rally. The altcoin is currently trading at $0.5131, with a 0.29% drop in the past 24 hours. The XRP price has dropped by 3.

Ripple CEO Brad Garlinghouse on Saturday shared good news with the XRP and the broader crypto community. Garlinghouse highlights a new era for XRP and Ripple as institutional interest in XRP products continues to rise while the US SEC loses credibility and reputation.

Ripple is currently engaged in a tough legal battle against the United States Securities and Exchange Commission. Certain important network developments, revealed by its Q3 Report, have triggered discussions within the cryptocurrency community.

Bitcoin has fallen below $70,000, down 1.5% in the past 24 hours, after correcting from $73,500. Analysts see potential bearish signals with key support around $68,500. Ethereum is also down, currently priced at $2,500.. XRP is trading at $0.51, down 1%, while the total cryptocurrency market cap is $2.34 trillion. The ongoing SEC vs.

XRP-spot ETF filings rise, yet SEC appeal keeps XRP price action muted despite institutional demand.

XRP, Ripples native cryptocurrency, saw heightened market activity and price stability at its $0.505 support level, climbing to $0.523 in Fridays early trading. With a 43% increase in volume, investor sentiment appears bullish, suggesting a potential price rebound may be on the horizon.

XRP's candlestick pattern points to a possible reversal. A bullish indicator of this reversal pattern suggests that XRP may finally experience some upward movement following a period of difficulty.