XRP Price Jumps 7.5% as SEC Acknowledges Multiple ETF Filings and Brazil Approves First Spot XRP ETF
XRP saw a 7.5% price increase on Feb. 20, 2025, hitting $2.71, following key developments regarding its potential for institutional investment.
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XRP saw a 7.5% price increase on Feb. 20, 2025, hitting $2.71, following key developments regarding its potential for institutional investment.
Grayscale's push for an XRP exchange-traded fund (ETF) has officially reached a key stage. As the U.S. Securities and Exchange Commission (SEC) has now posted the company's 19b-4 filing to the Federal Register.
Grayscale's XRP ETF filing joins four other Solana ETF filings published in the U.S. SEC's Federal Register in the past week.
Analysts are still divided on XRP's trajectory, with some predicting a breakout to $6 while others are worried about the key resistance at $2.80.
The cryptocurrency market saw mixed movements on February 21, with Bitcoin (BTC) crossing the $98,000 mark, while Ethereum (ETH) and Solana (SOL) posted modest gains. The total global crypto market capitalization stood at $3.23 trillion, rising nearly 1% from the previous day. Meanwhile, total market volume surged by 8% to $90.
Grayscale's XRP ETF filing has been posted to the Federal Register, the official journal of the federal government.
February 21, 2025 05:19:13 UTC Japan's Inflation Hits 19-Month High, Surges to 3.2% Japan's core inflation hit 3.2% in January, the fastest pace in 19 months, fueling expectations that the Bank of Japan (BOJ) will continue raising interest rates. Bond yields rose as markets bet on more aggressive hikes.
Ripple's XRP is currently down by more than two percent and is trading at $2.64. The cryptocurrency is currently facing significant resistance between the $2.65 and $2.80 levels. This suggests the price could continue to struggle around these points in the short term.
The SEC is pausing lawsuits against Binance and Coinbase, sparking speculation on whether Ripple could be next—potentially signaling a shift toward clearer crypto regulations. Crypto Crackdown Unraveling? SEC Pauses Cases—But What About Ripple? The U.S.
XRP price is correcting gains from the $2.750 resistance. The price is still showing positive signs and might aim for a move above the $2.750 resistance zone.
XRP price is gaining momentum as the U.S. Securities and Exchange Commission (SEC) has officially posted Grayscale's XRP exchange-traded fund (ETF) filing to the Federal Register. This move marks the beginning of a 240-day review period, during which the agency will decide whether to approve or reject the application.
Ripple's XRP has been one of the standout performers in the cryptocurrency market over the past 14 weeks. The digital asset has posted a remarkable 297% surge against Bitcoin since November 2024, outpacing most other cryptocurrencies during a period of overall market stagnation.
SEC's crypto unit disbandment fuels speculation on Ripple's case appeal. Will the move signal a shift in XRP's legal battle and ETF prospects?
XRP has experienced a notable price increase of 7.76% over the past 24 hours, with a trading volume of $5.33 billion. The price recovery has helped XRP reclaim the $2.70 mark, showcasing its resilience despite market fluctuations.
It's a new era for the U.S. Securities and Exchange Commission under President Donald Trump as the agency voluntarily dismissed its appeal on Feb. 19 in a crypto rulemaking case.
John Deaton, a well-known XRP lawyer and former US Senate candidate, has criticized Elizabeth Warren, Donald Trump, and Vladimir Putin over the ongoing war in Ukraine, questioning US spending, political motives, and military strategies.
The SEC's decision on Grayscale's XRP ETF could set a precedent for altcoin ETFs, impacting regulatory approaches and market dynamics. The post SEC to rule on Grayscale's XRP ETF by October 18 as review progresses appeared first on Crypto Briefing.
Mike Novogratz is convinced XRP and Cardano are among the industry leaders per their first-mover advantage.
Cryptocurrency markets remain bullish on Thursday, fueled by optimism over potential altcoin ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $98,414.37 +2.6% Ethereum (CRYPTO: ETH) $2,753.73 +1.7% Solana (CRYPTO: SOL) $174.54 +3.5% XRP (CRYPTO: XRP) $2.71 +1.9% Dogecoin (CRYPTO: DOGE) $0.2543 +1.1% Shiba Inu (CRYPTO: SHIB) $0.00001555 +1.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 8.6% and daily active addresses falling by 11.6%.
Traders turn hopeful as the SEC acknowledgment of 3 spot XRP ETF filings is perceived as a positive step forward.
Institutional crypto interest in Brazil rises as transactions over $1 million surge 48.4% between late 2023 and early 2024.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The Pi coin finally launched on the mainnet today, which has already led to predictions on how high the crypto could rise following the launch. Now, crypto analyst Gem Hunter has provided a bullish outlook for the coin, suggesting that it could even surpass the XRP price after it gets listed on Binance.
XRP has been steadily recovering from recent price setbacks, showing strong bullish potential. The altcoin has been moving in an upward trajectory, backed by large wallet holders known as whales.