Bitcoin Magazine Bitcoin Is A Strategic Asset, Not XRP The U.S. government should ignore proposals requesting that it conceptualize XRP as a strategic asset, as bitcoin is the only strategic asset in the crypto space. This post Bitcoin Is A Strategic Asset, Not XRP first appeared on Bitcoin Magazine and is written by Frank Corva.
Nate Geraci, President of The ETF Store, Host of ETF Prime, and Co-Founder of The ETF Institute, has stoked fresh speculation around potential altcoin-focused ETFs for XRP and Solana by BlackRock.
Crypto markets are surging into the weekend, sparking speculation on whether Bitcoin's break above $84,000 could fuel further upside. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $84,793.95 +5% Ethereum (CRYPTO: ETH) $1,939.46 +4.6% Solana (CRYPTO: SOL) $134.25 +9.2% XRP (CRYPTO: XRP) $2.35 +4.3% Dogecoin (CRYPTO: DOGE) $0.1713 +4.2% Shiba Inu (CRYPTO: SHIB) $0.00001265 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 15.5% and daily active addresses up by 3.6%.
Ripple Labs has resumed the minting of its dollar-pegged stablecoin, RLUSD, after a seven-day pause on both XRP Ledger and Ethereum. According to data from the Ripple Stablecoin Tracker, the blockchain payments firm added 6.5 million RLUSD into circulation.
XRP's fully diluted valuation (FDV) has surpassed Ether (ETH), according to March 14 data from CoinGecko. The FDV flip signifies a reversal of fortune for both layer-1 (L1) blockchain networks behind the tokens, as XRP Ledger's decentralized finance (DeFi) ecosystem gains traction and Ethereum grapples with competition from rival L1s, such as Solana.
Legendary trader John Bollinger has suggested that the Ripple-linked XRP cryptocurrency could become a new market leader in his recent social media post.
The U.S. Securities and Exchange Commission (SEC) is reportedly mulling whether the payments altcoin XRP could qualify as a commodity. Crypto journalist Eleanor Terrett, citing two anonymous “well-placed sources,” reported earlier this week that the SEC's lawsuit against Ripple appears to be wrapping up.
Ripple announced on Thursday that it has secured a key license from the Dubai Financial Services Authority (DFSA), allowing it to legally offer crypto payment services using XRP in the region.
While BTC is struggling, some altcoins are witnessing positive growth in their network utility, active address count, whale activity, and social sentiment.
Bitcoin and most altcoins bounced back on Friday as investors bought the dip after a report showed that consumer confidence had slumped. Ripple (XRP) price jumped by 4%, while Chainlink (LINK), Bonk (BONK), and JasmyCoin (JASMY) rose by over 5%.
XRP has surged to $2.36, marking a 5% increase over the past 24 hours, with a market capitalization of $136 billion. Trading volume for the day reached $4.09 billion, as the cryptocurrency moved within an intraday range of $2.22 to $2.39, remaining 30.6% below its all-time high of $3.40.
The verdict could set a longstanding precedent in the United States.
The SEC is considering changing XRP's status from a security to a commodity, just like Ethereum.
Crypto analyst Ali Martinez has provided a bullish outlook for the XRP price, predicting that it could still rally to as high as $15 in this market cycle. The analyst also revealed why XRP could record such a parabolic rally to this price target.
Bitcoin (BTC) has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels.However, Bitcoin may not be out of the woods yet.
Ripple is in settlement talks with the SEC, while Trump-backed World Liberty Financial is closing a $540 million token sale and reportedly discussed acquiring a stake in Binance.US. CoinDesk's Christine Lee hosts "CoinDesk Daily.
As reports emerge that the SEC may soon settle its long-running dispute with Ripple Labs, the cryptocurrency world is filled with anticipation.
As the race for crypto ETFs intensifies, ETF Store President Nate Geraci expects BlackRock to file for Solana and XRP ETFs. With regulatory factors at play, industry experts speculate on how these filings could impact investor sentiment and market adoption of digital asset investment products. The post BlackRock Expected to File for Solana and XRP ETFs, Says ETF Store President appeared first on Cryptonews.
XRP and Ethereum (ETH) are taking new shape amid the broader volatility on the market, which has pushed most assets into consolidation. At the time of writing, the price of XRP was trading for $2.304, up by 0.64% in 24 hours, per CoinMarketcap Data.
Ripple is moving 200 million XRP of March's reserved amount from this month's unlock, usually used to sell in exchanges. At current prices, this batch is worth over $465 million and could pressure the XRP price downwards, favoring the bears.
BlackRock may soon expand its crypto ETF offerings to include Solana and XRP, according to Nate Geraci, president of The ETF Store.
XRP is signaling bullish moves. The coin is witnessing a price rally that could see it close the month of March on a positive note.
BlackRock, the world's largest asset manager, is expected to enter the Solana and XRP exchange-traded fund (ETF) market, according to Nate Geraci, president of The ETF Store.
TL;DR The world's largest asset manager, BlackRock, is closely monitoring the outcome of the SEC lawsuit against Ripple before launching an exchange-traded fund based on XRP. With $1.5 trillion in assets under management, Franklin Templeton has already submitted its application for an XRP ETF, intensifying competition in the sector.
XRP's on-chain activity and price action are showing a sustained recovery, which could be the key signal on the way to new heights for XRP. The transaction count on the network just exceeded the two million mark and the overall network metrics look healthy, suggesting a potential price retrace.
XRP surges as Ripple secures Dubai regulatory approval, boosting adoption and institutional confidence. Read more here
With Bitcoin on the verge of a breakout (or rejection), the altcoins are starting to stir. The altcoin market cap could already have bottomed.
Amid Ripple settlement negotiations, the SEC is reportedly weighing whether XRP's market behavior justifies classifying it as a commodity.
The crypto market remains on edge this week, as the tariff tantrum in the United States continues. Bitcoin (BTC) price is below $85,000, while Ethereum (ETH) and Ripple (XRP) are stuck in a bear market.
TL;DR The SEC is reconsidering XRP's classification, assessing whether it should be treated as a commodity rather than a financial security. The lawsuit against Ripple Labs is in its final stages, with the company arguing that the evolving regulatory stance should influence penalty reductions.
Under the new Donald Trump administration, crypto-friendly policies have fueled a surge in ETF filings beyond Bitcoin (BTC) and Ether (ETH). Earlier this week, Franklin Templeton became the largest asset manager to seek approval from the U.S. Securities and Exchange Commission for an exchange-traded fund (ETF) based on the price of XRP, the fourth-largest crypto by market cap.
XRP price forms a symmetrical triangle pattern breakout on a multi-year chart highlighting chances of another 500% rally from here onwards.
On Thursday, March 13, the Securities and Exchange Commission (SEC) website published a document titled ‘Comprehensive Proposal: XRP as a Strategic Financial Asset for the U.S.,' immediately sparking interest and speculation.
It has been years of back and forth, and Ripple and the US Securities and Exchange Commission (SEC) are still mired in a legal showdown, though the end might finally be in sight.
Ripple (XRP) price could be on the verge of a major breakout if the SEC vs. Ripple lawsuit settlement leads to the US government buying $125M worth of XRP tokens.
The total number of XRP addresses smashed through an all-time high of 6.87 million on March 1, despite XRP's price sitting well below its peak, as per Glassnode data retrieved by on-chain crypto analyst Ali Martinez.
It is an argument that resurfaces time and again: why was Ethereum (ETH) allowed to evolve into what regulators now call a commodity, while XRP found itself in the crosshairs of the SEC?
BlackRock is likely to file for both Solana and XRP exchange-traded funds, according to Nate Geraci, president of The ETF Store. In a Mar.
This week, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum fell by 13% this week after the price failed to hold above $2,000.
When it comes to crypto investments, there aren't too many that are more appealing to buy with $3,000 than XRP (XRP 3.41%). During the past three years alone, its value climbed more than 1,370%.
The crypto market had a mixed day as price action varied across cryptocurrencies. Bitcoin (BTC) continues to struggle, briefly dipping below $80,000 before recovering and moving to its current level.
Analyst predicts XRP price could soon reverse its downtrend after 37 days below EMA ribbons, potentially triggering a 40%+ rally if it breaks above $2.35.
BlackRock's filing for an XRP ETF is highly awaited in the XRP community, as the company manages $11.6 trillion in assets. Franklin Templeton, a $1.5 trillion asset manager, recently filed its own S-1 form for an XRP ETF.
Ripple's Chief Technology Officer, David Schwartz, has confirmed that the Ripple USD (RLUSD) stablecoin can be temporarily halted or reversed to comply with legal or regulatory requirements.
XRP (XRP) price is eyeing a breakout from a classic chart pattern in the near future after Ripple acquired its first-ever license in the Middle East. XRP price chart hints at possible 46% gains XRP has been consolidating inside a descending triangle pattern since topping out at its seven-year high of $3.40 on Jan. 16.
In a new video, CryptoSensei (@Crypt0Senseii)—the founder of the Cryptonairz community—laid out a comprehensive argument for why he believes XRP could soar to four- and even five-digit price territory. The video, titled “THIS WILL GUARANTEE A $1000 XRP PRICE,” focuses on ten key factors that, according to CryptoSensei, could significantly boost XRP's adoption and market valuation in the coming years.
With legal battles winding down, could Ripple's UAE expansion mark the end of its legal battle with the SEC?