Ripple backs Bitwise's rebranded XRP ETP, now called Bitwise Physical XRP ETP, to strengthen its presence in the European market.

XRP is currently consolidating after a sharp 20% retrace from its recent local high of $1.63, set last Saturday. Despite the pullback, XRP remains a strong contender in the market as it holds firm above critical demand levels, showcasing resilience amid broader market volatility.

XRP has recorded a massive uptick in the ongoing bullish run on the broader cryptocurrency market. Positive market sentiment has resurfaced, pushing XRP to breach three resistance levels of $1.20, $1.30 and $1.40.

Ripple Labs has significantly improved the XRPL (XRP) ecosystem over the years, despite the legal hurdles in the United States. The blockchain payment company holds the largest share of XRP, through the escrow account, whereby the firm receives 1 billion units at the beginning of each month.

Ripple's investment in Bitwise's XRP ETP could boost crypto ETP demand, highlighting XRP's growing role in institutional finance. The post Ripple backs Bitwise Physical XRP ETP following its rebranding appeared first on Crypto Briefing.

In a latest development today, Bitwise Asset Management has announced that it has renamed its European XRP exchange-traded product as part of a broader rebranding of its European product suite.

Ripple's $25M pledge to Fairshake PAC boosts its efforts to influence crypto policy amid legal challenges with the SEC.

The announcement arrives as the "U.S. regulatory environment for crypto [is] finally becoming more clear," said Ripple CEO Brad Garlinghouse.

Story Highlights The Ripple price stabilizes above the $1.4 mark, indicating strong support. The technical indicators record increased volatility and eyes to retest higher price targets. A potential reversal could push the price toward the $2 mark this year. The XRP token has maintained its value above the psychological barrier of $1.4 this week.

In a political context where every dollar can influence the fate of a nation, Ripple, a giant in the blockchain field, has made a bold decision.

With crypto continuing to climb higher, three cryptocurrencies from the past are making a lot of the running. Can Ripple ($XRP), Cardano ($ADA), and Stellar ($XLM) continue their wild rides?

A pro-XRP lawyer lambasted SEC Chair Gary Gensler for not being fair with all cryptocurrency platforms, accusing Gensler of favoring some entities. The Securities and Exchange Commission official was scrutinized as his critics discovered that he had private meetings with the founder of an offshore crypto exchange.

Bitwise Asset Management has announced the rebranding of its European XRP ETP (exchange-traded product). This is part of its broader strategy to strengthen its foothold in the crypto investment space.

Fairshake, which raised over $200 million in 2024 to become the most influential PAC of that election, is now setting its sights on 2026.

XRP price has sustained an upward trend, indicating strong bullish momentum despite a slight market correction. This surge aligns with broader market optimism, showcasing increased confidence in XRP.

Ripple's chief technology officer (CTO) David Schwartz has published a tweet, commenting on the big legal win scored by Tornado Cash against the US Treasury in court. Schwartz particularly commented on the US Treasury's claim that smart contracts are a service in this case.

The Market Value to Realized Value (MVRV) ratio surged to 217% on Tuesday, showing overbrought market activity. High profit-taking and an MVRV ratio indicating overvaluation could lead to a market correction.

With over $10 billion in client assets, Bitwise is reshaping institutional crypto investing, starting with the rebranded XRP ETP.

XRP has witnessed a surge in selling activity since it climbed to a three-year high of $1.63 on November 23. Currently trading at $1.41, the altcoin has since noted a 13% price dip.

As many may know, there were three main people behind the creation of XRP Ledger, XRP and Ripple: David Schwartz, Jed McCaleb and Arthur Britto. If the first two are well known and have an established media presence, the latter remains a rather mysterious person and is rarely in the spotlight.

The cryptocurrency market faces an absolute bloodbath, with Bitcoin (BTC) sliding toward the $90,000 mark as the ongoing price correction deepens amid rising liquidations and profit-taking.

Grayscale's decision to reopen private placement subscriptions for its crypto trusts coincides with a period of significant growth in the broader cryptocurrency market.

XRP maintains stability above $1.30 while forming a consolidation pattern between $1.30 and $1.45, with key technical levels suggesting potential for future price movement.

Bitwise Asset Management unveiled a rebranding of its European XRP ETP, with blockchain firm Ripple backing the newly renamed product.

Chris Giancarlo, former Chairman of the Commodity Futures Trading Commission (CFTC), recently suggested that the SEC may drop its lawsuit against Ripple. In a FOX Business interview, Giancarlo, also known as “Crypto Dad,” discussed the possibility of the SEC re-evaluating the case, particularly following the trial court's August ruling.

Since the US election, the crypto market has experienced massive growth. Many believe that this trend will continue at least till the mid-2025. As the crypto community discusses the possibilities of making the best use of this latest bull run, cryptocurrency asset management giant Grayscale has reopened private placements for over 19 crypto trusts.

WisdomTree Funds has filed to establish a Delaware statutory trust entity for its proposed XRP ETF which may be coming soon.

"I think they should drop the XRP case. I would bet that they would," Giancarlo said.

XRP price previously rose to three-and-a-half year highs, but profit taking took its toll. Here's why I expect it to bounce back.

The cryptocurrency market experienced a bearish trend on November 27, with major tokens like Bitcoin, Ethereum, Solana, and XRP seeing significant losses. However, Fantom and Algorand stood out, recording notable gains amidst the market turbulence. BTC, ETH, SOL, and XRP tokens decline The total crypto market cap has dropped by 2%, standing at $3.

Grayscale Investments has reopened private placement in its 19 trusts including XRP, Solana (SOL), and Stellar (XLM) for eligible investors. Institutional and individual accredited investors may subscribe to private placements at net asset value (NAV), enabling them to hold for a specific period and sell them at the secondary market.

WisdomTree, a prominent asset management firm overseeing $113 billion in assets, has filed for an XRP Exchange-Traded Fund (ETF) in Delaware. This filing marks a significant move as WisdomTree seeks to expand its presence in the burgeoning cryptocurrency market.

Ripple's XRP is currently trading below the $1.40 mark and is down by more than five percent in the last 24 hours. Following Gary Gensler's resignation, the price rallied and touched $1.51 levels and then hit a reverse. However, most of the top 10 coins, including Bitcoin have slipped into the red zone.

XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term.

Surge in Interest for XRP ETFs Interest in XRP exchange-traded funds (ETFs) has surged, with notable filings from asset management firms. WisdomTree filed for an XRP ETF on November 25, 2024, aiming to capitalize on cryptocurrency interest beyond Bitcoin and Ethereum.

SEC sets record $8.2B in fines, sparking debate on crypto enforcement as Ripple case remains notably absent.

XRP, the native token of Ripple, appears to be moving sideways after experiencing a notable rally in the past weeks. As of today, November 27, 2024, XRP, along with the overall cryptocurrency market, has been experiencing a price decline.

Jed McCaleb, founder of Stellar Development Foundation, has outlined key distinctions between Stellar and Ripple. This comes as Stellars XLM token hits multi-year highs, supported by its role in Wyomings WYST stablecoin initiative.

Fairshake will have a whopping $103 million to spend on the next U.S. congressional election — so far — thanks to another $25 million just promised from Ripple Labs. This latest contribution puts the political action committee in a powerful position to repeat its successes from this year's elections, in which dozens of its favored pro-crypto candidates won their races.

Given the obvious signs of waning market momentum, Dogecoin's ambitious quest to reach the $1 milestone may have encountered a snag. Given that Bitcoin recently experienced a retracement that had an impact on altcoins in general, DOGE's trajectory appears less promising.

Cryptocurrency investment products saw a record weekly inflow of $3.13 billion over the past week, bringing their total year-to-date inflows to $37 billion as the crypto market rally keeps on going. According to CoinShares' latest Digital Asset Fund Flows weekly, Bitcoin investment products saw a total of $3.

The chief legal officer at Ripple Labs is coming down hard on the U.S. Securities and Exchange Commission (SEC) over what he perceives as the agency bragging. According to a new post on the social media platform X from Ripple CLO Stuart Alderoty, the SEC is looking at its year-in-review incorrectly.

Ripple said that it will allocate $5 million into tokens on abrdn's Lux fund as part of a larger allocation to RWAs on the XRPL from various asset managers.

XRPs push to $2 by November is at a critical juncture, with analysts pointing to Bitcoins support as the deciding factor. If the rally sustains, XRP may not only hit $2 but also pave the way for double-digit gains.

XRP has proven its strength, outperforming several other major crypto assets in recent days. With a 30% surge over the past week, XRP has emerged as one of the top performers in the market, even as Bitcoin and other altcoins saw notable declines.

Crypto analysts Mikybull Crypto and CrediBULL Crypto have suggested that the XRP price could reach $2 by the end of November. However, CrediBULL Crypto warned about what could hinder XRP from reaching this target.

XRP slipped 8% on Tuesday during a broader crypto market downturn, but the digital asset still boasts an impressive 22.9% weekly gain against the U.S. dollar. XRP Pushes Through Market Dip Currently priced at $1.35 per coin, XRP holds a market cap of approximately $77.27 billion.