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.

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.

Even if you only have $1,500 on hand to invest in the cryptocurrency sector, it behooves you to deploy your capital judiciously rather than frivolously. With so many cryptocurrency opportunities abounding right now -- including quite a few opportunities to lose all of your money -- sticking to the highest-quality assets is simply not optional.

Ripple CEO Brad Garlinghouse is reportedly being considered for a major role in President Trump's U.S. Crypto Advisory Council, a move that has crypto enthusiasts buzzing. With the potential to shape crypto policies, many are now wondering if this could send XRP's price soaring to a whopping $5.5! Ripple CEO In U.S.

On February 6, 2025, the Cboe BZX exchange filed, on behalf of four asset managers, applications for the creation of spot exchange-traded funds (ETFs) based on XRP. The companies involved are Canary Capital, WisdomTree, 21Shares, and Bitwise.

While there's still plenty of volatility, many cryptocurrencies have set new all-time highs in recent weeks. Ripple (XRP 0.72%) hit a new all-time high in mid-January.

The cryptocurrency market is at a crucial juncture as Bitcoin (BTC), Ethereum (ETH), and XRP navigate choppy waters following the latest macroeconomic data. The US Non-Farm Payrolls (NFP) report has fueled uncertainty, with investors watching closely for the next move.

XRP's price action has been unpredictable, with liquidity sweeps triggering heightened volatility. The token has been oscillating between key support and resistance levels, attracting significant interest from traders. The recent liquidity grab saw XRP drop back to a demand zone, shaking out weak hands before rebounding.

Cboe has filed four separate 19b-4 applications with the US Securities and Exchange Commission (SEC) to introduce spot XRP exchange-traded funds (ETFs). The filings, submitted on behalf of WisdomTree, Bitwise, 21Shares, and Canary, mark a critical step in seeking regulatory approval to list and trade these investment products.

XRP experienced a dramatic surge last month, surpassing $3 for the first time since 2018 amid a broader rally in the cryptocurrency market.

Despite the bullish factors, XRP's price is down by over 20% in the last week.

Cboe BZX Exchange filed four applications for spot XRP ETFs with the SEC. SEC has 45 days to review, with possible extensions up to 90 days.

XRP (XRP -2.33%) and Solana (SOL -1.51%) are two major cryptocurrencies that have been generating a lot of wealth for their investors during the past few years, including those who only invested a modest sum of money. However, it takes more than just buying and holding these coins to make a relatively formidable bag of cash, like $10,000.

After four days of losses, XRP has retreated to a crucial resistance-turned-support level at $2.17. Even though the downward trend has persisted, there are indications that it might be abating, indicating that a big change in the mood of the market may be imminent.

XRP whales seized the recent market dip to accumulate 520 million tokens. The question now is whether this is part of a larger accumulation trend or just an isolated event.

Ripple (XRP) remains above the crucial $2 support level as market participants speculate on its potential surge. Despite recent fluctuations, the Ripple has retained investor interest.

The XRP whale investors accumulated over 520 million coins in the recent correction, as US fund managers prepare to offer spot XRP ETFs in the near future.

The Cboe BZX Exchange has submitted form 19b-4 filings to the US Securities and Exchange Commission (SEC) to list and trade spot XRP exchange-traded funds (ETFs) for several asset managers.

XRP trading at $2.45 shows technical consolidation patterns while experiencing increased institutional adoption through Bank of America's implementation of Ripple technology, with analysts identifying $2.00 as a key entry point for potential upward movement.