The asset manager became the third firm to apply for listing and trading shares of a spot XRP ETF, following Canary Capital and Bitwise.

Joining the ranks of several firms that have already initiated similar efforts, 21Shares has recently filed with the US Securities and Exchange Commission (SEC) to launch an XRP ETF. This filing, submitted today, signals the firm's intention to offer an investment product centered around Ripple's native cryptocurrency.

21Shares has filed documents for an XRP-based fund amid skepticism toward crypto ETF demand outside Bitcoin products.

21Shares is pursuing regulatory approval for a spot XRP exchange-traded fund, following similar proposals from other companies.

Though the long-standing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) appeared over in August, the ever-tenacious regulator has continued the dispute by appealing the final ruling, particularly the elements concluding that the company's programmatic sales of XRP do not constitute securities violations.

The cryptocurrency has wiped out ~80 billion from its valuation this week. This highlights a strong selling pressure within the crypto space. Following this, top tokens such as Bitcoin, Ethereum, and Ripple have recorded a notable correction in their respective portfolios. Will the top cryptocurrencies regain momentum with the U.S.

21Shares, a major issuer of exchange-traded funds, has just joined the XRP ETF race, according to a Friday filing with the U.S. Securities and Exchange Commission (SEC).

21Shares has become the latest asset manager to file with the US Securities and Exchange Commission (SEC) to offer an XRP ETF. This again mounts pressure on the Commission to finally respond to the pending applications from the other asset managers who have applied to offer this fund.

Historically, the fourth quarter often brings notable gains for cryptocurrencies, and with November underway, crypto whales are strategically positioning themselves for potential profits.

The Ripple “Swell” conference on Oct. 15-16 brought together leaders in payments, blockchain, digital assets and economic policy. Ripple used the event, held at the Faena Hotel in Miami Beach, Florida, to spur discussion around the future of finance and chart its plans spanning cross-border payments, custody, tokenization and its RLUSD stablecoin.

XRP, the cryptocurrency associated with the Ripple network, has encountered a turbulent phase recently, facing significant challenges in its attempt to recover from an 18% price crash. As the asset struggles to regain traction, it is currently battling crucial resistance levels and dwindling bullish sentiment among traders.

XRP eyes institutional dominance as Ripple targets the custody market; podcast spotlights advantages over Bitcoin.

With the Bollinger Bands indicator showing a contraction not seen since 2016, XRP is poised for a major move that could change its path on the cryptocurrency market. Currently, the popular cryptocurrency is valued at $0.5174, and its Bollinger Bands have narrowed to an unusually tight range, which often signals a major price shift.

XRP, the cryptocurrency and native token of XRP Ledger, has recorded significant price variations in the red zone. However, it bounced off a critical support level of $0.505, climbing from $0.5048 to $0.5230 in early Friday trading before experiencing corrections.

Prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transfers initiated by retail and institutional whales, has spotted two massive crypto transfers that carried almost a billion XRP coins.

XRP, the seventh largest cryptocurrency by market capitalization, has seen an increase in trading volumes over the last 24 hours, skyrocketing by over 40%.

Ripple's Chief Technology Officer, David Schwartz, has addressed the critical importance of XRP within the XRP Ledger (XRPL) amid ongoing discussions about its functionality. In a recent interaction with an XRP enthusiast, Schwartz clarified concerns surrounding whether all transactions on the XRPL require XRP as a gas fee or if other assets could operate independently.

In a riveting turn of events, American blockchain payments company Ripple stole the spotlight on Friday, unlocking nearly 900 million coins from escrow. The massive unlock emerged in tandem with noteworthy lawsuit developments, sparking market discussions over future price action.

Ripple has risen by 0.5% in the past 24 hours, as the SEC acknowledges an application for the US' first ever XRP ETF. The post SEC Acknowledges XRP ETF Proposal – Can Ripple Hit $100? appeared first on Cryptonews.

Bitcoin (BTC) slipped below $70,000 as markets turned bearish after the world's premier cryptocurrency briefly teased a new all-time high earlier in the week. BTC is currently down over 4% and is trading around $69,300.

In the last 30 days, XRP has seen a drop of at least 13.1%. At the beginning of October, the price was at $0.61175. On the last day of October, it touched a low of $0.50877, indicating that the market experienced a 20.24% decline in the month.

The ongoing Ripple vs SEC case has significantly weighed down on XRP's bullish sentiment in the past four years.

The United States approaches a pivotal presidential election, leaders in the cryptocurrency sector are intensifying their calls for clearer regulatory frameworks to support the burgeoning digital asset industry. Ripple CEO Brad Garlinghouse is at the forefront of this movement, urging the next administration to prioritize comprehensive reforms that will not only clarify existing regulations but also foster a more supportive environment for cryptocurrency innovation.

This week, we examine Ripple, Binance Coin, Solana, Dogecoin, and Maker in greater detail. Ripple (XRP) The week started well for XRP, but the price action turned bearish on Wednesday, closing the week with a 3% loss.

What about the urgency of the US Court's latest "Alternative Resolution"? How could a similar decision impact Ripple and XRP?

XRP has struggled after the Securities and Exchange Commission appealed a U.S. District Court ruling in favor of XRP in a prior lawsuit.

In a recent episode of the Mr. M podcast, former Ripple executive Matt Hamilton expressed his belief that XRP is on track to surpass Bitcoin and become the leading cryptocurrency. Hamilton highlighted that XRP previously held the top spot in 2018 when its market cap exceeded Bitcoin's and dwarfed Ethereum's.

SEC v Ripple Case: The US Court of Appeals for the Second Circuit issues the first order in the XRP lawsuit. The order came in response to the US Securities and Exchange Commission's requests to the court to set January 15 next year as the deadline for its principal brief.

If the SEC fails to submit its primary brief by the deadline, it will result in an automatic dismissal of the appeal.

In the latest twist in the Ripple vs. SEC case, the Second Circuit Court of Appeals has established a critical deadline, mandating the Securities and Exchange Commission (SEC) to submit its brief by January 15, 2025. Attorney Bill Morgan noted that the consequences of missing this deadline are now well-defined.

The U.S. Court of Appeals for the Second Circuit (2nd Circ.) has ordered a brief on SEC vs.

The United States Court of Appeals for the Second Circuit has ordered the Securities and Exchange Commission to file its brief in its long-lasting case against Ripple before Jan. 15, 2025.

In the ongoing legal battle between the SEC and Ripple regarding XRP, significant developments have emerged. The Second Circuit Court of Appeals has set a deadline for the SEC to submit its brief by January 15, 2025. Attorney Bill Morgan commented on this, noting that the consequences for missing this deadline are now clear.

XRP price is holding the $0.5020 support zone. The price is beating Bitcoin and might aim for a move above the $0.5250 resistance.

On October 31, the United States Court of Appeals for the Second Circuit, held at the Thurgood Marshall US Courthouse in New York, ordered the Securities and Exchange Commission (SEC) to file its brief on or before January 15, 2025.

XRP price outlook hinges on the US Presidential Election as Trump pledges pro-crypto reforms, including firing SEC Chair Gensler.

Ripple co-founder Chris Larsen has voiced his concerns regarding the current state of U.S. policy. In a recent interview with CNBC, Larsen highlighted Vice President Kamala Harris's potential role in reshaping the government's approach to cryptocurrencies, suggesting that her leadership could correct what he perceives as significant errors in President Biden's crypto strategy.

A massive transfer of 31.1 million XRP tokens, worth approximately $15.8 million, was detected moving from an unidentified wallet to the crypto exchange Bitso. This large transaction has caught the attention of the XRP community, as it coincides with critical developments in Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

The one-month look back liquidation heatmap highlighted the $0.54 and $0.57 as sizeable magnetic zones close to XRP.

The cryptocurrency market is buzzing with excitement as Bitcoin (BTC) recently soared above $71,000, marking a potential bull run for many digital assets. However, amid this optimistic landscape, Ripple's token, XRP, is facing some headwinds.

Ripple co-founder Chris Larsen has once again expressed his support for US Vice President Kamala Harris. In a recent CNBC interview, Larsen said he was “really excited” about Harris' economic message.

Ripple (XRP) price is facing bearish conditions as it struggles to hold above key support levels. The price action suggests that sellers are in control, and downward momentum may continue in the short term.

The XLS-40 amendment on the XRP Ledger, which introduces a new standard for Decentralized Identifiers (DIDs), was activated on October 30. Approved by 28 out of 35 validators (85.71%), the amendment went live yesterday.

The cryptocurrency market has recently experienced a notable bullish resurgence, bouncing back from earlier declines. Among the many digital assets, Ripple (XRP) and Cardano (ADA) have garnered attention as they show signs of stability and potential growth.

The last few hours have seen massive liquidations on the cryptocurrency market, with CoinGlass data showing that liquidated positions totaled nearly $50 million in one hour. This is quite a lot, but given the abruptness with which some changes occur on this market, it is not surprising.

A correction has arrived on the crypto market, according to CoinStats.

XRP faces new momentum, with analyst optimism and meme coins on XRPL stirring interest. Could this fuel a major comeback?