The cryptocurrency market is currently experiencing heightened volatility, with many top tokens losing crucial support levels. XRP, one of the largest altcoins by market capitalization, has not been spared from this bearish trend.

XRP depository receipts will soon be available for purchase by accredited investors, according to Fox Business.

On Thursday, the Chicago-based Cboe Exchange filed four separate 19b-4 applications with the US Securities and Exchange Commission (SEC), seeking approval to list and trade spot XRP exchange-traded funds (ETFs) proposed by WisdomTree, Bitwise, 21Shares, and Canary.

XRP depository receipts (DRs) will soon be available for purchase by accredited investors through Receipts Depositary and DWP Advisors, according to reports from Fox Business. This new financial product offers a regulated way for investors to gain exposure to XRP without purchasing the cryptocurrency directly from exchanges.

XRP appears to be currently trapped in a range-bound market, as the price moves between key support and resistance zones. At press time, XRP is trying to break above the $2.40 level and is up by more than one percent.

The push for crypto exchange-traded funds (ETFs) continues to gain ground as the Chicago Board Options Exchange (Cboe) filed a 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list and trade XRP ETFs from several major asset managers. This development follows the SEC's acknowledgment of Grayscale's filings for Solana (SOL) and Litecoin (LTC) ETFs, marking an important step in the broader acceptance of digital asset investment products.

Ripple's XRP has had a rough start to February, losing over 23% in the past seven days and slipping below $2.40. Just last week, XRP was trading above $3, but a sudden market downturn has pushed prices lower, raising concerns among traders.

Top U.S. lawmakers have pledged to pass crypto legislation, marking an unprecedented shift toward regulatory clarity. Ripple calls it “100% a big deal” amid industry optimism. Ripple Says ‘100% a Big Deal'—Congress Makes Historic Move for Crypto Clarity U.S.

The digital asset industry is transforming global financial services, with institutional crypto custody emerging as a high-growth sector. According to Ripple's latest insights, the custody services market is projected to grow from $41 billion in 2023 to over $100 billion by 2033.

The competition to discoverd the first XRP Exchange-Traded Fund (ETF) in the U.S. has intensified as the Cboe BZX Exchange officially submitted 19b-4 filings to the Securities and Exchange Commission (SEC). The move, made on behalf of asset managers Bitwise, Canary Capital, 21Shares, and WisdomTree, represents a major step toward securing regulatory approval for XRP-based ETFs.

As its price continues to struggle due to waning momentum, Shiba Inu is on the verge of a significant bearish signal. The asset has been steadily declining in value for a few weeks, and a death cross is about to form, which could signal a more serious decline.

The crypto token XRP (XRP 2.62%) fell this week, dropping 21.2% from last Friday's close. The move down comes as the S&P 500 lost 0.2% and the Nasdaq-100 gained 0.1% in the week's trading.

XRP price has dropped 22% in the past week, with technical indicators showing both bearish pressure and signs of potential stabilization. The RSI remains neutral after a sharp rebound from oversold levels earlier this month, while the number of whales has stabilized after a brief surge.

The Ripple vs. SEC lawsuit has taken an interesting turn.

The crypto market continued to swoon this week following a collapse in values last weekend. It all started with tariffs announced last Saturday, which seems like a year ago at this point.

Digital securities firm Receipts Depo (RDC) is on track to launch XRP Depository Receipts (DR) in the United States. The offering is designed for accredited investors and backed by DWP Advisors.

Crypto markets are grinding lower on Friday, with Bitcoin reversing gains on renewed tariff fears after briefly having touched $100,000. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,769.28 -0.8% Ethereum (CRYPTO: ETH) $2,650.07 -1.7% Solana (CRYPTO: SOL) $195.91 -2.4% XRP (CRYPTO: XRP) $2.43 -5.5% Dogecoin (CRYPTO: DOGE) $0.2502 -2.4% Shiba Inu (CRYPTO: SHIB) $0.0000153 -2.5% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12.2% and daily active addresses falling by 0.3%.

Receipts Depositary Corp. already offers bitcoin and ether-backed securities and is now looking to expand its product suite by adding XRP.

Cryptocurrencies on Feb.7, 2025, traded largely mixed. While several altcoins, including Flare (FLR) and Ripple (XRP), gained, recent outperformers such as Pudgy Penguins (PENGU), Bittensor (TAO) and Hyperliquid (HYPE) struggled with downside pressure. Bitcoin's retest of the $100k level was brief as the price retreated to below $98k.

Amidst the current positive mood in the market, a noteworthy event has sparked discussion and expectation: the potential for an exchange-traded fund (ETF) backed by Ripple's XRP to enter the fray.

XRP, the native cryptocurrency of Ripple, is currently facing significant downward pressure, continuing its bearish trend that has characterized the market over the past week. Despite XRP's strong performance in the past, recent market conditions have raised concerns about its immediate future.

XRP has shown resilience amid the market's volatility and uncertainty, standing strong as it rebounds from recent lows. The price is now over 33% up from Monday's low, signaling renewed momentum and a potential push toward higher levels.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Ever since the institutions have gauged the success of the spot Bitcoin & Ethereum ETF, they have intensified their search for other potential ETFs. While Solana has strengthened its base with zero network outrage in the past 12 months, XRP has proved to be a sleeping giant after the remarkable bull run.

Crypto market analysts anticipate a significant increase in the price of XRP, the native cryptocurrency of Ripple, due to several ETF (exchange-traded funds) applications currently under review. These initiatives could transform the investment landscape in XRP and attract a substantial influx of institutional capital that could propel XRP up to 1500%!

Bitcoin and most altcoins pulled back this week, while the crypto fear and greed index slipped into the fear zone. Ethereum (ETH) dropped to a low of $2,100, down by over 47% from its highest level this year.

XRP continues to consolidate above the crucial $2 support level, even as Bitcoin (BTC) struggles to find direction.

XRP declined 7% since Monday, during a big week for crypto. President Donald Trump's crypto czar David Sacks held a press conference and called it “a golden age in digital assets.

Both Solana and XRP have growing ETF applications, regulatory challenges and a fight for institutional acceptance. Who has the edge?

The potential approval of an XRP ETF is looking more likely, which is bullish for the XRP price. Although XR hasn't reacted positively to the recent ETF news, this fund could contribute to the projected rallies for the crypto.

The CFTC's pilot program could set a precedent for regulatory frameworks, potentially boosting innovation and clarity in digital asset markets. The post CFTC to host CEO Forum on stablecoins and collateral with key industry players, including Ripple, Coinbase appeared first on Crypto Briefing.

Cryptocurrencies moved higher today after a somewhat perplexing jobs report this morning that ultimately led to a slight increase in Treasury yields. Bitcoin, the world's largest cryptocurrency, hovered around $98,400.

Cryptocurrencies displayed bearishness today as Bitcoin hovered around the $97,000 region. With most tokens trading in the red, Flare's impressive performance over the past day attracted the attention of crypto enthusiasts. FLR jumped from its 24-hour low of $0.01916 to a $0.02299 peak – a 19.99% gain.

Bitcoin and XRP surged, but then dropped on news that the U.S. job market's growth cooled in the month of January.

The push for XRP exchange-traded funds (ETFs) is gaining significant momentum, as asset managers move forward with their applications, bringing the prospect of these investment products closer to reality.

XRP (CRYPO: XRP) is accelerating in the spot ETF race, with multiple filings submitted to the SEC. Cryptocurrency Price 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.53 +6.0% -20% Bitcoin (CRYPTO: BTC) $98,624 +1.4% -5.6% Ethereum (CRYPTO: ETH) $2,747 +0.5% -18% Community News: Fox Business reporter Eleanor Terrett reported the Cboe Exchange having filed 19b-4s on behalf of BitwiseInvest and CanaryFunds to list and trade their spot XRP ETFs.

The U.S. Securities and Exchange Commission (SEC) has made a significant shift in its approach to cryptocurrency enforcement by moving one of its top litigators to an IT department role. This change comes amid broader speculations regarding the future of the ongoing legal battle between the SEC and Ripple Labs, the company behind the cryptocurrency XRP.

Over the past sixty minutes, XRP fluctuated between $2.47 and $2.59, climbing 1.5% intraday, with a $141 billion valuation and $7.01 billion in global trade volume. XRP On the one-hour timeframe, XRP inches upward from recent troughs, its gradual incline confined by a slender corridor. The $2.50 ceiling has stifled progress, while the $2.

Leading asset managers WisdomTree, Bitwise, 21Shares, and Canary Capital have filed for spot XRP ETFs with the Cboe BZX Exchange, marking a significant step toward institutional crypto adoption amid evolving SEC regulations.

Cryptocurrency analyst and trader Ali Martinez has unveiled on-chain data showing that over the past few days, whales have wiped a staggering half a billion XRP off the cryptocurrency market.

Bitcoin (BTC) dived back into the red as momentum stalled around the $99,000 price level and fell to a low of $95,891 before recovering and moving to its current level. The flagship cryptocurrency is down almost 1% as it oscillates between $95,000 and $99,000, nearly 11% below its all-time high as it struggles to reclaim $100,000.

Popular cryptocurrency XRP recently saw a strange but significant development in the Korean crypto investment landscape. Today, three of the largest crypto exchanges in South Korea - Coinone, Upbit and Bithumb - suddenly announced that XRP had just been renamed.

In a fresh shake-up, Tether (USDT) stablecoin has once again overtaken XRP in the crypto market rankings. With a market capitalization of $141.4 billion, Tether now ranks as the third largest cryptocurrency, pushing XRP to the fourth spot with a current market valuation of $139.72 billion.

According to data provided by crypto analytics platform CoinGlass, roughly $2.9 million worth of XRP shorts has been liquidated over the past hour.

XRP has fallen by 3% in the past 24 hours, yet four new ETF filings suggest that it won't remain down for very long. The post Four XRP ETF Filings Hit the SEC – Will This Push XRP to New All-Time Highs? appeared first on Cryptonews.

Several analysts are predicting a massive XRP price pump and chart fractals suggest a long-term target as high as $99.

Several analysts are predicting a massive XRP price pump and chart fractals suggest a long-term target as high as $99.