Macro technical analyst Chetan Gurjar unveiled a compelling projection for XRP, suggesting that the cryptocurrency could soon witness a significant price surge, potentially exceeding the $12 mark. This forecast is rooted in Elliott Wave Theory (EWT), which posits that XRP is on the brink of entering its third macro wave—a phase often characterized by explosive price action.

Canary Capital Group LLC has officially submitted a registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP ETF, aimed at providing investors with exposure to XRP. The exchange-traded fund (ETF) is designed to give investors an option other than directly holding XRP, making access easier through traditional brokerage platforms.

Canary Capital filed a registration statement with the SEC for a spot XRP ETF, marking the second firm vying for that product this month.

Canary Capital files for an XRP ETF with the US SEC, giving investors new opportunities to access XRP via traditional financial markets. The post Canary Capital files for XRP ETF with SEC filing appeared first on Crypto Briefing.

Crypto investment firm Canary Capital has made a bold move by filing for a spot XRP ETF product in the United States. The firm named the product the Canary XRP ETF in the form S-1 registration statement lodged with the Securities and Exchange Commission (SEC).

San Francisco-based blockchain firm Ripple has been named as a "platinum winner" in the "Best Cross-Border Payments Platform" by Juniper Research's Fintech & Payments Awards.

In a surprising move, investment funds based on other altcoins failed to follow in the footsteps of crypto giants, with Solana, XRP, Cardano, and Litecoin witnessing inflows during the week. The latest weekly report on digital asset investment funds by CoinShares depicts a trend of weaker investment sentiment among institutional investors.

SBI Digital Community Co., Ltd., a subsidiary of Japan's financial conglomerate SBI Holdings, has announced the public sale of its inaugural “Crypto Canvas Collection” NFTs on Polygon and the XRP Ledger.

Ripple recently conducted multiple burns of Ripple USD (RLUSD) stablecoins after minting almost 50 million RLUSD over the last week. This series of burns came amid Ripple's warnings to the community about scammers attempting to exploit the still-in-beta project. Ripple remains focused on keeping the launch secure as it continues testing its new stablecoin initiative.

Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the financial landscape.

Ripple (XRP) price has been under significant pressure following a series of bearish technical signals and legal developments. After the SEC filed an appeal against Ripple, XRP experienced a sharp decline.

XRP (XRP) holders have faced disappointment since last week as the cryptocurrency struggles to gain momentum despite recent catalysts, leading many to explore new opportunities like Meme Bets (MEMEBET), a crypto project within the growing meme coin and GambleFi spaces.

Over the last 24 hours, XRP, the seventh-largest cryptocurrency by market capitalization, has seen an increase in trading volume.

The recent XRP news surrounding the SEC vs. Ripple lawsuit saw the US SEC Appeal the Southern District Judge Analisa Torres' July 2023 and August 2024 ruling.

A top crypto analyst took to X recently to give a bearish forecast for Ripple (XRP), saying the community will not see a bull run. Also, whales have moved approximately $250 million worth of Ethereum (ETH) to centralized exchanges.

One of the most anticipated launches in the crypto space is nearing as the San Francisco-based cross-border payment provider's Ripple USD (RLUSD) enters what appears to be the final stages of its research and development, with mints and burns of RLUSD accelerating to millions in value.

Ripple (XRP) making headlines amid ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). As of October 7, XRP has managed to stabilize around $0.54, while Bitcoin (BTC) and Ethereum (ETH) are also experiencing significant gains.

Ripple Labs continues its development and testing of the Ripple USD (RLUSD) stablecoin, with the blockchain company minting millions of RLUSD tokens in recent weeks. According to the Ripple Stablecoin Tracker, the company has burned some minted stablecoins in batches.

The Ripple stablecoin has continued to gain major traction in the testing phase with new burning trend.

The world's largest crypto exchange, Binance, has released its freshly printed proof-of-reserves report, which shows the ratio between customers' net balances and the exchange's. One of the highlights is the performance of XRP reserves on Binance, as they have suddenly seen a notable increase.

Ripple Vs SEC: The XRP price has noted volatile trading lately, especially after the agency's appeal in the ongoing legal battle. Notably, the appeal has sparked speculations in the broader crypto market over the potential motive behind the agency's move.

The cryptocurrency market exhibited a cautiously optimistic tone, with many tokens experiencing a recovery. Among them, XRP made a notable rebound from a recent low of around $0.50.

Over 8,300 people have already signed the initiative.

According to the Ripple Stablecoin Tracker account on the X platform, Ripple crypto decacorn has burned several batches of Ripple USD (RLUSD) stablecoins after minting almost 50 million of them over the past week.

XRP bulls anticipate a breakout as positive metrics align, pushing for a potential rally.

There is a possibility that Ripple and the SEC could reach a settlement in the next 14 days. This comes after the SEC filed a notice of appeal on October 2, 2024, challenging Judge Analisa Torres's ruling that stated XRP is not a security when sold on public exchanges.

XRP price is struggling to rise above the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a decent increase.

Shiba Inu (SHIB) is subtly positioning itself for a potential breakout. Recently, SHIB has risen above its 200-day exponential moving average (EMA), a crucial indicator often signaling a change in market sentiment.

XRP's price trends reflect market uncertainties as SEC appeal talks continue. Key technical levels and legal rulings could drive future moves.

Despite price consolidation within a tight range at a support level, it appears that XRP bulls are back in the market as its trading volume skyrockets. On October 7, 2024, most top cryptocurrencies experienced a notable price surge, but XRP's price has remained stable over the past 24 hours.

Bitcoin has recently surpassed $63,000, and both Ethereum and XRP are showing promising signs of upward movement. Investors are closely monitoring these key cryptocurrencies as they navigate the market's dynamics.

Today, enjoy the Forward Guidance newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.

The U.S. Securities and Exchange Commission (SEC) has officially registered an appeal against Judge Torres's ruling from July 2023, which was largely favorable to Ripple. This landmark decision clarified that XRP does not fall under securities regulations when sold in programmatic sales.

David Schwartz, chief technology officer at Ripple, recently shared his experience of using Elon Musk's Starlink.

Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome.

As global demand for cryptocurrency exchange and traded funds skyrocket, altcoin-based ETFs are becoming a major part of the conversation.

The XRP lawsuit case has taken a new turn with the latest US SEC appeal in the legal battle. The latest appeal signals further extension in the legal battle between the blockchain firm and the agency.

With the recent Ripple appeal, the SEC and its chair Gary Gensler are back in the spotlight as the XRP community voices strong opposition to the agency. This new twist has extended the already delayed case timeline, with some speculating it could now stretch until 2026.

What comes next for XRP price, as the Ripple and SEC legal battles continue, along with other major news for Ripple and its XRP Ledger? Let's find out

XRP sees the sudden increase in trading activity as, according to data from CoinGlass, the perpetual derivatives market for the seventh largest cryptocurrency soared by over 66% in the last 24 hours. As a result, total derivatives turnover on XRP reached $1 billion, making the token the 12th largest by this measure.

XRP's value has dropped by 17% over the past week, fueled by the broader market downturn and further impacted by the US SEC's decision to file an appeal against Ripple.

XRP, the cryptocurrency associated with Ripple, is making headlines as market analyst Egrag recently claimed that price targets ranging from $27 to $44 are conservative estimates based on Fibonacci analysis. This bold assertion has interest among investors and crypto enthusiasts, particularly in light of XRP's recent performance and market volatility.

A new week has started positively for most of the coins, according to CoinMarketCap.

Recently, a significant trend has emerged: 76.54% of traders on Binance are opting for long positions on the XRP/USDT trading pair, while only 23.46% are choosing to go short. This overwhelming preference for long positions indicates a strong wave of optimism surrounding XRP's price movement.

XRP, a leading cryptocurrency, has often been the subject of ambitious price predictions. Some analysts now speculate that XRP could climb to a value of $1,000 or more if the XRP Ledger (XRPL) captures a share of the massive global derivatives market.

The general sentiment behind the XRP price has been divided between market participants in recent months. Recent market dynamics have seen many investors adopting a negative outlook for the cryptocurrency's price, especially considering its failure to break into new heights above $0.6.

A new weekly report has come out from CoinShares on the movement of funds in the crypto-focused exchange traded products (ETPs) market. One of the main highlights of the latest research was the performance of Cardano ETPs, as investors using these financial vehicles for crypto investments poured 300% more money into them over the past seven days than the week before.