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If you hold cryptocurrencies like XRP (XRP -0.32%) or Bitcoin, (BTC 0.62%) you're probably not sure how they'd hold up in the event of an economic recession. Whether it would make sense to buy more of either asset in such a scenario is an even bigger question, as a timely purchase during hard times might pay off significantly when conditions improve down the line.
XRP price consolidates at $2.55 while showing technical setup for potential upward movement, coinciding with SEC's acknowledgment of Grayscale's ETF filing under new regulatory leadership.
Popular cryptocurrency XRP recently saw a notable shift of almost 20 million coins, which is equivalent to $50.66 million at current prices. What is remarkable about this large-scale transaction is the route, as XRP was transferred from one of the top crypto exchanges in the U.S., Gemini, to unknown addresses.
XRP has recently witnessed a notable decline, slipping by 5% over the past week. The altcoin dropped below key levels of $2.40 and $2.45, raising concerns among investors.
The SEC is reviewing multiple XRP ETF proposals from major asset managers, including Bitwise, Grayscale, and 21Shares, as part of a broader expansion of crypto investment products following the successful launch of Bitcoin and Ethereum ETFs.
US President Donald Trump's recent mention of Ripple and XRP on Truth Social has stirred the crypto markets. This development has caused investors to question whether XRP price could extend its impressive 2024 rally and hit $100.
The SEC, now under new leadership, approved Bitwise XRP ETF. This approval reflects a shift in the agency's approach to crypto regulation.
Trading volume for XRP is up by 26% to $5.5 billion in the past 24 hours.
The U.S. Securities and Exchange Commission (SEC) has acknowledged filings from Cboe BZX Exchange to list spot XRP exchange-traded funds (ETFs).
With ETF momentum still in play for Solana and XRP, will altcoins continue to outperform?
SEC's approval of Bitwise XRP ETF will depend on public feedback and the filing's compliance with its investor protection standards.
Ripple's XRP is currently battling crucial resistance levels and is down by more than two percent in the last 24 hours. However, the third largest cryptocurrency is up by more than five percent on the weekly chart.
XRP, there has been a growing divide between market sentiment and analyst predictions regarding the likelihood of the cryptocurrency receiving approval for a spot ETF in 2025. On one hand, Polymarket, a platform that facilitates predictions based on the future outcomes of various events, is showing strong optimism for XRP.
The U.S. Securities and Exchange Commission's (SEC) recent acknowledgment of XRP ETF filings has created a stir in the crypto community. These filings mark a major milestone for the cryptocurrency, as the application was previously rejected or withdrawn.
The U.S. Securities and Exchange Commission (SEC) is expected to pause its Ripple lawsuit following similar actions in its cases against Coinbase and Binance. The regulatory agency has recently requested delays in both cases, signaling a shift in its crypto enforcement approach.
XRP price is down from the $2.85 resistance zone. The price is showing a few bearish signs and must clear $2.650 to start a fresh increase.
XRP has found itself under increased pressure in recent weeks, and as the price continues to struggle, the $2.40 support level is now facing a critical test. After an impressive 8% price surge, XRP's rally appears fragile, particularly with Bitcoin's market dominance on the rise and retail FOMO (fear of missing out) seemingly absent.
President Donald Trump recently sparked interest in the crypto world by sharing content on Truth Social about Ripple Labs and its cryptocurrency, XRP. His posts mention a “Trump effect” that appears to be guiding Ripple's increased focus on the U.S. market, potentially driving up XRP's value.
XRP Market Reacts to SEC Appeal Speculation Legal uncertainty weighs on XRP, but a potential appeal withdrawal could fuel bullish momentum.
The U.S. SEC has officially acknowledged Grayscales application to convert its XRP Trust into an ETF, marking a significant milestone despite not guaranteeing approval. ETF analyst Nate Geraci called the move an enormous message, as the SEC continues its legal battle with Ripple, recently filing an appeal in the ongoing case.
The XRP lawsuit between the US Securities and Exchange Commission (SEC) and Ripple appears to be nearing a resolution, with former SEC official John Reed Stark suggesting that the case will be dropped under “highly favorable terms”.
The SEC's crypto enforcement is collapsing, with a former official predicting the agency will soon drop its Ripple appeal and halt all crypto-related cases. SEC's Crypto War Collapses—Former Official Predicts Ripple Case Will Be Dropped John Reed Stark, former chief of the U.S.
After two weeks of trading within the $2.30 to $2.50 range, the XRP price appears to be on the brink of a significant price movement. Potentially entering a new price discovery phase for the first time in seven years, analysts suggest a possible surge to new record highs.
The SEC has acknowledged Cboe BZX Exchange's filing to list Bitwise XRP ETF, with analysts predicting high approval chances. The decision follows SEC's implied classification of XRP as a commodity.
