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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.
Market sentiment shifted positively for XRP as bullish indicators and network growth aligned with each other.
21Shares files for registration of its spot XRP trust on November 1.
The XRP Ledger (XRPL) is evolving at a very fast pace with visible changes in developer engagements. Over the past year, the protocol has conducted series of upgrades on the mainnet to grow its functionality and reach.
Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov. 1, 21Shares submitted an S-1 form to register its Core XRP Trust shares for listing on the Cboe BZX Exchange.
21Shares has filed for SEC approval to launch the 21Shares Core XRP Trust, a U.S.-based XRP exchange-traded fund (ETF), aiming to provide institutional investors with a new way to gain exposure to Ripple's cryptocurrency. The post XRP ETF Hopes Rise: 21Shares Files for SEC Approval appeared first on Cryptonews.
On November 1, 21Shares officially submitted a Form S-1 with the SEC for its Core XRP Trust, an investment vehicle intended to provide indirect exposure to XRP for investors. While the ETF won't directly hold XRP tokens, it allows investors to engage with the XRP market through a regulated and accessible platform.
Major crypto ETF issuer 21Shares has made a big step toward launching an exchange-traded fund tied to Ripple-associated token XRP, following similar proposals from other asset managers.
Pro-XRP lawyer MetaLawMan has criticized the United States Securities and Exchange Commission (SEC) over its regulation by enforcement strategy. The financial regulator has remained under the radar of crypto market commentators for its hostile view of the industry.
San Francisco-based enterprise blockchain company Ripple holds 4.43 billion tokens, according to its recently published Q3 report.
Two prominent ETF issuers advanced their XRP-based asset initiatives today. Grayscale launched trading on its XRP Trust fund, while 21Shares submitted an official application for an XRP ETF.
Investment firm 21Shares submitted a request to the U.S. Securities and Exchange Commission (SEC) for approval to launch a spot XRP (CRYPTO: XRP) exchange-traded fund (ETF). What Happened: 21Shares filed an S-1 registration statement with the SEC on Friday proposing a fund, named the 21Shares Core XRP Trust to be listed on the Cboe BZX Exchange.
The SEC must submit its opening brief in the Ripple SEC appeal by Jan. 15, 2025, as part of a key phase in the ongoing legal process. The post SEC ordered to file Ripple appeal brief by Jan. 15, 2025 appeared first on Crypto Briefing.
Swiss ETF issuer 21Shares has filed an S-1 form with the SEC to launch a spot fund that tracks the price of XRP.
TL;DR 21Shares requests SEC approval for an XRP ETF, aiming to expand regulated access to cryptocurrencies. The XRP ETF would be listed on Cboe BZX, with Coinbase Custody Trust as the fund's custodian. Approval faces challenges due to the ongoing legal dispute between the SEC and Ripple over XRP sales as unregistered securities.
With a new XRP ETF application from 21shares, pressure mounts on the SEC as investors eye access to XRP exposure amid ongoing regulatory battles.
After several firms took the step, 21Shares has become the latest to file for an XRP ETF with the US SEC. It has now become the third firm to file for the XRP investment vehicle, following both Bitwise and Canary Capital.
SEC faces a January deadline in Ripple's high-stakes appeal. Ripple's legal clash could define crypto's regulatory future.
