Brazils Comissão de Valores Mobiliários (CVM) has approved the countrys first spot XRP exchange-traded fund (ETF), the Hashdex Nasdaq XRP Index Fund, set to trade on the B3 exchange. The decision, announced on February 19, coincides with an 8% surge in XRP price over the past 24 hours, pushing it to $2.72, just 20% below its all-time high.
The U.S. Securities and Exchange Commission (SEC) has acknowledged a spot XRP ETF filing from Cboe BZX Exchange on behalf of Canary Capital, marking a key milestone in the crypto ETF sector. This acknowledgment initiates the SECs formal review process, which will determine whether the proposal secures regulatory approval.
Ten years is an incredibly long time -- especially in the volatile crypto world. Want an example?
In a video on Wednesday, the popular YouTube channel More Crypto Online offered an analysis of Dogecoin's price structure, suggesting that the meme-inspired cryptocurrency could be on the cusp of a breakout or breakdown—provided it falls below critical support levels. The analyst's outlook centers around Elliott Wave counts, potential consolidation patterns, and pivotal price thresholds that could define Dogecoin's short-term trajectory.
A Dogecoin whale's recent decision to offload a whopping 100 million coins has set off severe investor concerns on Thursday. The crypto whale or large-scale investor, reflected a loss of confidence in the meme-themed asset primarily attributed to the current broader market volatility.
Ranking 6th in BACEN's interbank market operations, Braza Group aims to strengthen the digital economy in Brazil. They also seek to enhance the digital economy in South America with this innovative digital asset.
In the past 24 hours, XRP's price has jumped by more than 5%. This bullish momentum has sparked renewed interest among traders and investors.
Sometimes, even the most bullish traders get surprised. That is exactly what happened with XRP.
XRP surged ahead of Bitcoin and Ethereum in the past 24 hours after securing its first spot exchange-traded fund (ETF) approval in Brazil. Data from CryptoSlate shows that the token's value jumped by 6% during this period, reaching $2.75, making it the best performer among the top 10 cryptocurrencies by market capitalization.
XRP (XRP 4.93%) and Bitcoin (BTC 1.32%) remain two of the most-watched cryptocurrencies even after years of being in circulation, and they've earned that distinction by providing value to investors all the while. But with Bitcoin's protocol largely unchanged, and XRP's rapid ascent showing no signs of slowing, it makes sense to question whether the relative position of these two giants might switch, with Bitcoin falling out of favor compared to the newer competitor.
TAO is the top performer from the larger-cap alts today.
Brazil is preparing to launch the world's first spot XRP ETF, marking a significant evolution in the digital asset sector.
The demand for XRPL products and services has increased in the recent past bolstered by Ripple Labs' strategic partnership, thus bolstering macro bullish sentiment for XRP.
XRP was among the top performers in the top ten market cap rankings of cryptocurrencies on Wednesday, surging by more than 7% before Wednesday's close.
XRP (XRP 5.89%) is the native digital asset on the XRP Ledger, the blockchain created by financial technology company Ripple to simplify cross-border transactions. XRP peaked around $3.30 in January after advancing more than 550% following the presidential election in November.
Brazil's financial regulator has approved the world's first spot XRP ETF, managed by Hashdex, while similar products await approval in other markets including the United States.
Dogecoin (DOGE) has been exhibiting potential for a breakout in recent days, fueled by positive market conditions and investor sentiment. Currently trading at $0.25, the meme coin is eyeing a crucial resistance level at $0.26.
The SEC has begun reviewing multiple XRP ETF applications from major financial firms while Brazil approved the world's first spot XRP ETF, causing the cryptocurrency's price to rise above $2.70.
According to prediction markets, Kalshi forecasts that the Department of Government Efficiency (DOGE) will cut 317,000 government employees in 2025. The agency has already fired thousands of government employees and offered others deferred resignation proposals.
XRP price has recorded gains of over 6% today amid a flurry of positive market trends that have boosted the market sentiment. Notably, the surge in Ripple's native asset comes amid a broader crypto market recovery, indicating renewed confidence of the investors towards digital assets.
Brazil has made history by approving the first spot XRP exchange-traded fund (ETF), taking the lead ahead of the U.S. and other major markets. The country's Securities and Exchange Commission (CVM) has given Hashdex the go-ahead for its XRP ETF.
Dogecoin is trading within a symmetrical expanding triangle pattern between $0.2403 and $0.2923, with technical indicators and historical patterns suggesting an imminent breakout as the price currently consolidates at $0.25.
The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the cryptocurrency XRP, has captured significant attention within the crypto world. Ripple is facing charges from the SEC that its token XRP constitutes a security, a stance that has created uncertainty for XRP's future.
The BBRL stablecoin will only be initially available to institutional clients but the bank has big ambitions for expansion.
XRP's price rally follows the acknowledgment of multiple XRP filings by the SEC and rumors of delay in Ripple's legal battle with the agency.
Whales have begun accumulating XRP, but will that have an effect on the market?
Will the SEC pause the Ripple case, just like it did with Binance and Coinbase? This question has been circulating with increasing speculation. A significant development fueling this uncertainty is the reassignment of the SEC's lead litigator for major cryptocurrency cases.
XRP, the native token of Ripple Labs, is showing signs of recovery after a period of decline, as it seems to be finding support from key market forces. As of February 19, 2025, XRP's price has made a notable uptick, reaching $2.61, marking a 1% increase in the last 24 hours.
United States President Donald J. Trump shared two articles about Ripple on his Truth Social platform, igniting speculation over the potential implications for both Ripple and its native token, XRP.
Brazil's Securities and Exchange Commission gave the greenlight to the Hashdex Nasdaq XRP Index Fund, currently in a pre-operational phase.
Ethereum $10k call has reignited market debates, with one high-profile trader declaring ETH could breach five figures this year if macro conditions align. Recent aggregator data places Ethereum at about $1,840, with a 24-hour volume of roughly $5.1 billion, suggesting ongoing appetite from institutions and retail investors.
Ripple's XRP has currently drifted into the green zone and is trading above the $2.70 levels after gaining 6% in the last 24 hours. According to an analyst, XRP's price on the daily time frame is currently retesting a significant resistance zone between $2.65 and $2.80.
XRP price is up over 5% from the $2.50 support. The price is showing positive signs and might aim for a move above the $2.820 resistance zone.
Once more drawing attention in the crypto scene, Dogecoin (DOGE) has market researcher XforceGlobal speculating that the joke coin still has 10 times potential for a price increase. This optimistic forecast has attracted interest as investors consider whether DOGE may provide large returns in the face of continuous market swings.
Will SEC rescind Ripple lawsuit as it advances XRP ETF applications by various issuers?
SEC's regulatory shift sparks optimism for crypto markets. XRP-spot ETF speculation grows as the SEC acknowledges new applications.
Wall Street is increasingly eyeing up XRP (XRP), as the US Securities and Exchange Commission (SEC) acknowledged yet more spot ETF applications on Wednesday. The post Wall Street Eyes XRP as SEC Reviews ETF – Could This Be the Catalyst for a Massive Rally? appeared first on Cryptonews.
XRP, the native cryptocurrency of Ripple Labs, is experiencing a renewed wave of bullish sentiment after a recent price surge. On February 19, 2025, the price of XRP surged by 6.5%, rising from $2.51 to $2.65 in just 24 hours.
Braza Group, an international payment firm, has introduced BBRL stablecoin, a digital currency linked to the Brazilian Real using the XRP Ledger (XRPL). The company says BBRL will help people and businesses make transactions more easily and safely.
Brazil is set to be the first country to launch a spot XRP ETF after the country's regulator gave the green light to Hashdex's product.
Due to its resilience, Ethereum is raising hopes that it can avoid the daily chart's dreaded death cross formation. The 50-day moving average crossing below the 200-day MA, known as a death cross, frequently indicates bearish momentum and additional price drops.
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged WisdomTree's application to list and trade shares of an XRP exchange-traded fund (ETF).
The SEC has previously acknowledged spot XRP ETF filings from 21Shares, Bitwise Grayscale, and CoinShares.
The SEC is postponing actions on prominent crypto enforcement lawsuits, which may be a way of buying time to dismiss them. It has already postponed the deadline for the Coinbase case but hasn't dropped its biggest lawsuits yet.
WisdomTree's XRP ETF filing joined a basket of applications acknowledged by the U.S. SEC.
XRP's price action has been lackluster recently, despite the U.S. Securities and Exchange Commission (SEC) officially acknowledging Bitwise's application for an XRP exchange-traded fund (ETF). This recognition by the SEC was seen as a significant milestone for XRP holders and investors who hoped for more institutional adoption of the cryptocurrency.
Braza, a financial technology group, has disclosed that it will release a new stablecoin associated with Brazilian Real and run it on the XRP Ledger (XRPL). The digital asset is likely to be out in the market by the first quarter of this year as part of the firm's Braza On app.
Hashdex has secured approval from Brazil's Securities and Exchange Commission to launch the world's first spot XRP ETF, offering investors direct exposure to XRP via Brazil's B3 stock exchange. The approval could pave the way for further crypto ETFs and signals growing institutional interest in digital assets. The post Brazil Approves World's First Spot XRP ETF by Hashdex appeared first on Cryptonews.