The SEC just acknowledged another XRP ETF filing, this time from Bitwise. Last week, Cboe BZX Exchange filed applications to list several XRP ETFs, including the one from Bitwise.
XRP's price action on Feb. 18, 2025, reflects short-term bearish pressure amid critical support tests. Technical indicators signal cautious optimism for a rebound if key levels hold. XRP The 1-hour chart reveals a clear downtrend, marked by lower highs and lows, with XRP trading between $2.48 and $2.52 over the past hour.
The SEC's review of Bitwise's XRP ETF could enhance market legitimacy, broaden investor access, and influence future crypto regulations. The post SEC formally accepts Bitwise's XRP spot ETF filing appeared first on Crypto Briefing.
Cryptocurrency markets are trading lower despite bullish catalysts, including rising institutional investment and Texas' Strategic Bitcoin Reserve proposal. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,100.04 -1.8% Ethereum (CRYPTO: ETH) $2,637.93 -3.7% Solana (CRYPTO: SOL) $166.02 -7.3% XRP (CRYPTO: XRP) $2.51 -5.5% Dogecoin (CRYPTO: DOGE) $0.2472 -4.3% Shiba Inu (CRYPTO: SHIB) $0.00001511 -3.6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses grew by 22.3%.
XRP's price has continued to lose ground despite the positive news.
XRP price has dropped nearly 4% in the last 24 hours and is down 21% over the past 30 days, bringing its market cap to $144 billion. The decline comes as key technical indicators flash warning signs, with the Chaikin Money Flow (CMF) hitting its lowest level since June 2022 and active addresses dropping by 53% in the past month.
In a latest update, the U.S. SEC acknowledged a spot XRP ETF filing from Cboe BZX Exchange for Bitwise to list and trade shares. The SEC has invited comments on the proposal, with a deadline 21 days after it is published in the Federal Register.
The XRP community is abuzz with excitement as the Securities and Exchange Commission (SEC) acknowledges the third XRP ETF. Recently, the SEC acknowledged Bitwise's XRP ETF, sparking hopes of a major breakthrough in the XRP price.
XRP, the digital currency connected to Ripple, is showing significant bullish signs in the market. A popular chart pattern, known as the Cup and Handle, has recently appeared on its price chart, and experts are speculating that this could drive the price of XRP up to $3.35, marking a notable local high for the asset.
According to new reports, the U.S. Securities and Exchange Commission (SEC) has confirmed the receipt of an application for a Bitwise spot XRP Exchange-Traded Fund (ETF). According to earlier reports, Bitwise initially filed an application to launch the product back in early October.
The SEC previously acknowledged spot XRP ETF filings from 21Shares and Grayscale, though not from Canary Capital and WisdomTree.
Can whales spark the lost retail FOMO in XRP?
Stuart Alderoty, chief legal officer at enterprise blockchain Ripple, has identified the SEC's habit of filing "follow-on' actions after the DOJ as a "major" source of waste at the agency.
BTC has dumped to a two-week low of its own.
The U.S. Securities and Exchange Commission acknowledged Bitwise's spot XRP ETF filing earlier this Tuesday.
Cboe sought permission to list four spot XRP ETFs on Feb. 6, including 21Shares Core XRP Trust.
Bitcoin has fallen to its lowest price in weeks as Solana continues to bleed amid the LIBRA controversy, plus other top coins dip.
Another crypto market crash is occurring, with the Bitcoin price dropping below the crucial $95,000 support level, dragging altcoins like Ethereum, Solana, and the XRP price along with it. This price crash has occurred mainly due to the bearish sentiment in the market, thanks to several factors.
Ripple-linked crypto XRP could be on the precipice of another parabolic rise. According to a widely-followed crypto analyst, XRP is forming a convincing pattern on the price chart, signaling a potential surge of up to 28% in the foreseeable future.
Cryptocurrencies are some of the most volatile assets you could invest in. But those willing to hang on for the ride can experience some staggering returns.
Elon Musk's DOGE has announced an audit against the SEC, targeting fraud and mismanagement. This could be the catalyst XRP investors have been waiting for.
The overall cryptocurrency landscape seems to be getting poorer day by day due to the continuous price drop. Amid this, XRP, the native token of Ripple Labs, has been hit hard by the current sentiment, witnessing a notable price drop of 6% in the past 24 hours and reaching a crucial level.
In a recent report, on-chain data research provider Kaiko evaluated the liquidity ranking of several crypto assets, including major cryptocurrencies XRP, SOL, BTC and ETH. This is necessitated amid increasing odds of altcoin spot ETFs and as market depth returns to pre-FTX levels.
XRP, the native token associated with Ripple Labs, has recorded significant activities in the last 24 hours. XRP, worth $4.84 billion, has hit different cryptocurrency exchanges within this time frame.
Bitcoin (BTC) registered a drop late on Monday, falling from $97,000 to $95,243 before rebounding and settling just above $96,000. The flagship cryptocurrency registered another slump during the current session, falling to a low of $95,189 before recovering and moving to its current level.
Ripple (XRP) price has seen signs of consolidation over the past week. Recent fluctuations suggest concern in the market direction.
MEMX has filed with the SEC to list an XRP ETF as a "Commodity-Based Trust," marking a significant step toward expanding cryptocurrency ETFs beyond Bitcoin and Ethereum.
Technical indicators are suggesting that XRP might wait longer before reclaiming the $3 resistance, a level that has remained elusive recently.
Ripple's RLUSD stablecoin surpasses 120M tokens with XRP Ledger adoption outpacing Ethereum, driving liquidity shifts and potential XRP price implications.
After what felt like forever stuck in a sideways grind, XRP finally made its move in November. You know how it is - when an asset breaks out like that, even the pro traders can get thrown off.
Ripple CTO David Schwartz has sparked fresh discussions on the evolving role of Bitcoin and XRP in the crypto space. In a recent exchange on X, Schwartz shared insights on XRP Ledger (XRPL) and highlighted the need for scalable and trustless bridging solutions.
A total of $279 million in liquidations has hit the broader cryptocurrency market. Data from CoinGlass shows that top altcoins suffered more liquidation in the last 24 hours from long-position traders.
Check out why the case against Ripple may be fully withdrawn soon.
XRP has seen a significant surge in open interest, climbing to $4.7 billion amid a price rally that pushed the token above $2.55. The increase signals renewed investor confidence following a sharp decline earlier this year.
XRP is currently trading at $2.58, registering a 3.56% increase over the past week. In technical analysis, the RSI rebounded from 30, indicating a possible recovery, while the MACD shows a positive divergence, signaling a potential bullish move. Additionally, the SEC acknowledged an ETF application for XRP, boosting market optimism.
A widely watched coin like XRP (XRP -3.75%) is bound to be immersed in a constant discussion about every single one of its aspects and its relevant metrics.
The total supply of Ripple's regulated stablecoin, Ripple USD (RLUSD), has reached $120 million. Community analyst Maartunn from CryptoQuant revealed the figures in a new analysis, calling it a “huge milestone.
The XRP community is optimistic as Elon Musk's DOGE reviews the SEC, fueling hope for regulatory reform and a potential XRP price rally.
XRP trading volumes have surged on US exchanges amid ETF speculation, with the cryptocurrency now contributing 14% of Coinbase's trading revenue as the SEC begins its 240-day ETF review period.
Ripple CTO, David Schwartz, recently shed light on one of the fundamental distinctions between XRP and Bitcoin.
Litecoin price shows bullish signs, with analysts predicting a 5x rally past $600. This bullish outlook follows a recent surge in Litecoin's open interest to an all-time high of $765M per Coinglass.
Just days after renowned crypto market analysts Eric Balchunas and James Seyffart stated that XRP has less chance than LTC, DOGE and SOL of receiving approval from the US Securities and Exchange Commission to start a spot ETF in 2025, the probability value of a polymarket bet (titled “Ripple ETF approved in 2025”), with a
Solana (SOL) extended its decline, reaching fresh lows, while Ethereum (ETH) and Ripple (XRP) struggled to gain traction after last week's failed recovery attempts. Market sentiment remains fragile, with technical signals flashing mixed trends across these top altcoins.
The financial sector, let alone the crypto market, has buzzed with excitement as Elon Musk's DOGE announced an audit into the US Securities and Exchange Commission (SEC). Recently, the Department of Government Efficiency (D.O.G.E.
The recent performance of XRP has attracted substantial attention, as its open interest has increased to $4.3 billion. This surge has occurred in the context of a substantial price increase, with XRP reaching a one-week high of over $2.50.
After a prolonged consolidation, XRP's price action appears to be turning bullish, with technical patterns pointing to more upside.
There's arguably no hotter cryptocurrency on the planet right now than XRP (XRP -2.86%). It's now up more than 140% during the past three months, and shows no signs of stopping anytime soon.