CME's denial of XRP futures contradicts the optimism seen earlier this month, as technicals point to weakening of the uptrend.

XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2.9 to $3.4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement.

In today's crypto news: Bank of America's Crypto Stance: CEO Brian Moynihan stated that banks are ready to adopt crypto for transactions, but only with clear regulations. He sees digital assets as an additional payment method, not a threat to the U.S. dollar.

Ripple's price has been rallying aggressively since November last year as it managed to match its 2018 all-time high. However, it failed to break above it and is currently struggling to continue higher.

Solana's (CRYPTO: SOL) has surged 21% over the past week, driven by excitement over meme coin launches and anticipation of a futures ETF. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Solana (CRYPTO: SOL) $244.80 $119.1 billion -4.6% +21% Ethereum (CRYPTO: ETH) $3,208.51 $386.5 billion -3.1% -3.8% XRP (CRYPTO: XRP) $3.09 $177.7 billion -2.6% -2% Trader Notes: Crypto trader Jelle predicts "more violent moves" ahead as Solana consolidates near its previous all-time highs.

The legal dispute between Ripple Labs, Inc. and the US Securities and Exchange Commission (SEC) witnessed a surprising development as Better Markets, Inc., a prominent nonprofit dedicated to promoting public interest in financial markets, filed an amicus curiae brief on January 22.

TL;DR Solana's stablecoin supply surpasses $10 billion, driven by recent memecoin launches like $TRUMP and $MELANIA. Historical trends suggest potential significant price movements for $SOL, but market analysts remain cautious due to low lending yields.

XRP's 550% price rally since Nov. 5 has seen it break out of a symmetrical triangle, with a profit target above $15. Will a potential launch of XRP futures help?

Ripple Labs' president, Monica Long, is expected to unveil the company's strategic goals for 2025 in an upcoming interview on X space dubbed XRP Community Day. The event is scheduled for January 29.

ARK Invest CEO and CIO Cathie Wood recently expressed skepticism regarding the utility of the TRUMP meme coin, a new cryptocurrency associated with US President Donald Trump.

XRP is down by nearly 5% over the last 24-hour period to seemingly move to retest the $3 mark in a drawdown that's coming after it briefly saw its total market capitalization surpass that of Wall Street giant Goldman Sachs.

The Chicago Mercantile Exchange (CME) Group denied plans to launch futures contracts for Ripple's XRP or Solana (SOL) after a beta page mistakenly went public.

The U.S. Securities and Exchange Commission (SEC) is set to hold its first closed meeting under Acting Chair Mark Uyeda this Thursday, marking a key moment in the ongoing regulatory oversight of the cryptocurrency space. The meeting will involve SEC commissioners, the counsel to the commissioners, the commission's secretary, and recording secretaries.

The long-running legal tussle between Ripple and the US Securities and Exchange Commission (SEC) got another twist. A non-profit, Better Markets filed an amicus brief urging the Second Circuit to overturn the 2023 Ripple case ruling.

In a recently published tweet, Monica Long, Ripple president, teased her upcoming speech during the XRP Community Day that is scheduled for Jan. 28-29 this year.

Solana Temple, a month-long wellness-first program, is redefining how founders approach personal development and business growth.

The cryptocurrency market is currently experiencing heightened volatility, and XRP, the native token of Ripple Labs, is at the center of attention. With the market sentiment shifting toward a bullish outlook for XRP, short sellers may soon be in trouble, as on-chain data points to a possible price reversal.

The frenzy of memecoins linked to Donald Trump has propelled the Solana ecosystem to new historic heights. According to a report from Copper.co, the number of new addresses on the Solana blockchain reached nearly 9 million before the inauguration of the American president.

As Solana network dominates Ethereum and others in DEX volume, the SOL price trend hints at a new all-time high.

XRP has witnessed a notable rally in the past week, climbing by 35%. The altcoin currently trades at $3.10, slightly below its all-time high of $3.41.

Ethereum retained its position as the highest-earning blockchain in 2024, collecting $2.48 billion in fees, nearly triple Solana's earning.

When it comes to cryptocurrencies that are currently in the limelight, few are more compelling to invest in than Solana (SOL -3.00%) The blockchain's claims to fame are already numerous and growing by the day, and with its price rising by 55% during the past three months alone, its attractiveness as an investment is only increasing for now.

John Deaton, the notorious Ripple token amicus brief lawyer, warned against meme coins on a recent crypto podcast with a focus on XRP. However, they may have some benefits for the token economy.

The US SEC (under its new Acting Chairman) might approve a Solana ETF as early as today (January 23).

The crypto market witnessed a selloff as bullish sentiment regarding Donald Trump's inauguration faded. The global market cap tumbled over 3% to $3.52 trillion, with trading volume tanking 25% over the last 24 hours.

Could ETF approval speculation and healthy market trigger another new high for XRP?

After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors' bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed.

CME and the demand for regulated instruments for crypto trading

XRP price has stayed in the red today amid a broader crypto market selloff but still maintained above the $3 level. Notably, the anticipation over another robust rally comes as speculations soar over a potential end in the Ripple Vs SEC case.

The SEC's decision on Grayscale's Solana Trust ETF could set a precedent impacting future crypto ETF approvals amid regulatory challenges. The post SEC faces first deadline to decide on Grayscale's Solana Trust ETF conversion proposal appeared first on Crypto Briefing.

The possibility of a Spot Solana ETF approval fuels speculation about SOL reaching $300. Despite a minor pullback, the Solana price remains steady above $240 after a 15% drop from its recent $294 ATH.

Coinbase CEO Brian Armstrong announced that the exchange has resolved a significant backlog of Solana transactions.

The release of Donald Trump's meme coin has triggered a remarkable surge in activity on the Solana blockchain, with new addresses reaching nearly 9 million daily.

President Donald Trump's “Make America Great Again” slogan has dominated his presidential campaign. However, his recent speech disappointed many crypto fans as there was no mention of a Bitcoin Reserve or even a reference to crypto.

Market speculation and volatility may increase as investors anticipate potential new futures offerings, impacting XRP and Solana's market dynamics. The post CME Group clarifies no official decision made on XRP, Solana futures contracts appeared first on Crypto Briefing.

XRP trades at $3.10 in January 2025, approaching its all-time high amid multiple bullish analyst predictions ranging from $3.80 to $30

In a significant development for the broader cryptocurrency market and ongoing digital asset adoption in the US and globally, the Chicago Mercantile Exchange (CME), the world's largest derivatives marketplace, briefly added a futures page for XRP and Solana (SOL) to its staging subdomain.

XRP is at a crucial juncture, with its price either poised for a massive breakout or possibly marking the end of an internal corrective rally. The scenario could play out in two ways: a bullish continuation to the upside or a corrective pullback.

The Chicago Mercantile Exchange (CME) Group has clarified that no official decision has been made regarding the launch of futures contracts for Solana (SOL) and XRP (XRP).

CME Group's staging website revealed plans for a February 10 launch of XRP and Solana futures contracts with both standard and micro sizes, though the exchange has not officially confirmed the information.

Solana's price reached $271 amid CME Group's announcement of SOL futures trading, though mixed market indicators including decreased network fees and active addresses suggest potential challenges ahead for sustained growth.

XRP maintains $3 support level amid exchange outflows and approaching CME futures listing

Washington-based non-profit Better Markets, which is focused on promoting "public interests" in financial markets, has filed an amicus brief in support of the U.S. Securities and Exchange's appeal against Ripple.

Better Markets has filed an amicus brief supporting the SEC's appeal against Ripple Labs, arguing that retail XRP sales qualify as securities under the Howey Test

The non-profit has backed the SEC's appeal against Ripple, seeking to overturn a key district court ruling.

The CME Group is reportedly gearing up to launch Futures ETFs tied to XRP and Solana, with a tentative release date of February 10, 2024, pending regulatory approval. This came just after Trump's inauguration and Ripple's closed-door meeting held this month the factors are hinting something bigger is on the way.

Former Ripple director Sean McBride recently weighed in on the ongoing Ripple-SEC case, suggesting that a resolution could come soon. When asked if he thought the SEC would settle with Ripple soon, McBride responded on social media, stating that the case should either be dismissed or settled within the week.