Momentum builds for an XRP-spot ETF as the SEC acknowledges filings. Could this be the catalyst XRP investors have been waiting for?
The crypto market on Saturday again garnered investor attention across the globe, with coins mainly illustrating rising price trajectories. Bitcoin (BTC) price traded near the $98K level on February 15, whereas Ethereum (ETH), Solana (SOL), and XRP prices pumped 1%-10%.
Crypto analyst Dark Defender has predicted that the XRP price could soon rally to a new all-time high (ATH) of $5. The analyst revealed a bullish pattern that had formed for XRP, which showed that the crypto could reach this price target and rally higher.
Over 70 million Cardano (ADA) tokens have changed hands among whales, raising speculation about the future direction of the cryptocurrency. This surge in whale activity follows Grayscale's recent application for the first-ever Cardano Spot ETF, a move that has drawn attention from both retail and institutional investors alike.
Ripple CEO Brad Garlinghouse recently endorsed Brian Quintenz for CFTC chair, emphasizing the CFTCs vital role in maintaining strong U.S. markets. Garlinghouse also supported the Financial Innovation and Technology for the 21st Century Act (FIT21), which seeks to make the CFTC the primary crypto industry regulator.
XRP has experienced a strong price rebound over the past 48 hours, resulting in $1.07 million in liquidations, according to CoinGlass data. Of this, $596,580 was from long traders, while short traders accounted for $476,140.
Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target.
Solana is currently recovering a sizable portion of its lost value which suggests a possible reversal. On the chart a hidden head and shoulders pattern is developing though and it might be a significant indication of an approaching retracement.
Ripple's (XRP) February stagnation has caused concerns among altcoin investors who are now looking for ways to undo recent losses. RCO Finance has presented itself as a cheap altcoin alternative that uses an AI-based approach to streamlining participation in the finance sector.
XRP has seen a significant price surge today, outperforming top cryptocurrencies like Bitcoin and Ethereum. After several days of sideways movement, XRP's price has surged from $2.42 to an intraday high of $2.76, marking a 14% gain.
Cardano (ADA) has faced significant losses in recent weeks due to a sharp drawdown in the market. Despite these losses, a particular cohort of ADA holders has found an opportunity to accumulate at lower prices.
Ripple (XRP) price surged 7% on Friday amid bullish sentiment fueled by the SEC's acknowledgment of Grayscale's XRP and Dogecoin ETF filings. With open interest lurking below $4 billion, bull traders are eyeing a potential retest of the $3 territory.
XRP's price action within the past seven days has been limited to a trading range as investors look to recover the losses they incurred at the beginning of February. This range is a consequence of the current indecisiveness on the XRP price.
The price of Cardano (ADA) has risen above the $0.65 support and is now drifting below the moving average lines in a range-bound area.
Unlike the trend observed earlier in the week, the Cardano (ADA) price shows stability after breaking the $0.8 resistance point. While not leading the altcoin trend, ADA price has remained in the spotlight, jumping by 1.75% in 24 hours to $0.82.
Analyst Ali Martinez is highlighting a crypto asset that he believes is primed for a rally while unveiling his outlook for Cardano (ADA).
Crypto markets are experiencing strong momentum on Friday, with key assets posting gains. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $98,205.44 +2.7% Ethereum (CRYPTO: ETH) $2,744.60 +3.9% Solana (CRYPTO: SOL) $202.28 +5.2% XRP (CRYPTO: XRP) $2.79 +13.5% Dogecoin (CRYPTO: DOGE) $0.2775 +8% Shiba Inu (CRYPTO: SHIB) $0.00001688 +4.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.8% and daily active addresses growing by 5.3%.
XRP has become a major focus in the cryptocurrency market as its price has surged over 70% since the start of the year, reaching a seven-year high. The growing optimism around a potential approval for a spot XRP ETF by the U.S. Securities and Exchange Commission (SEC) has further fueled the bullish sentiment.
Weiss Crypto, a branch of financial rating agency Weiss Crypto, has poured cold water on the surrounding the Ripple-affiliated XRP cryptocurrency.
After dropping below the psychological price of $2.5, XRP is back in full swing since bullish momentum is building up.
Cardano's founder, Charles Hoskinson, is confident that ADA, Ethereum, and XRP will be the best performers in the current cryptocurrency space. In an episode of the Gokhstein Media podcast on February 13, he provided his view on the market's strength, the role of institutions, and the factors driving its growth.
While XRP (CRYPTO: XRP) surged 12% over the past seven days, Bitcoin (CRYPTO: BTC) has been struggling with sideways movement, weighed down by macro uncertainty, according to a prominent trader What Happened: Crypto trader CrediBULL Crypto highlighted in a post on X on Friday that XRP is reaching key resistance levels earlier than expected, while Bitcoin has yet to break above $100,000. Initially, traders expected XRP's move to align with a BTC breakout, but now there's uncertainty about whether this signals XRP's relative strength or Bitcoin's weakness.
Cardano price has risen in each of the last five days and the fundamentals and technical metrics signal the continuation of the trend.
XRP price has surged 10% in the last 24 hours, with its trading volume skyrocketing nearly 50% to $8 billion. This strong momentum has pushed XRP's Relative Strength Index (RSI) back into overbought territory for the first time in almost a month.
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged an application for an XRP exchange-traded fund (ETF) filed by 21Shares. This marks another step in the growing interest in XRP-based investment products.
President Donald Trump's Solana meme coin has skyrocketed again, while major coins like Dogecoin and XRP show their own sizable increases.
The SEC's acknowledgment of Grayscale's XRP ETF sparked optimism among traders, with Polymarket odds projecting an 81% possibility of approval in 2025.
XRP is upbeat once again on another promising ETF filing. However, there are much more supportive fundamentals arond the coin.
The U.S. Securities and Exchange Commission has officially acknowledged the XRP ETF application that was filed by 21Shares
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Grayscale's application to list a spot XRP exchange-traded fund (ETF). The post Is a $10 XRP Possible? SEC Advances Grayscale's ETF Proposal appeared first on Cryptonews.
Bitcoin is trading in a tight range, pointing to a possible breakout in the near future.
Cardano has managed to outshine a large percentage of the digital asset market this week amid news that the crypto asset management firm Grayscale wants to create a spot ADA exchange-traded fund (ETF) for the smart contract platform.
Ripple CEO Brad Garlinghouse met with several senators and state representatives to discuss crypto policies, and he left the meeting hopeful.
XRP price jumps after SEC acknowledges Grayscale's XRP ETF filing, marking a shift in the regulator's stance.
The SEC has acknowledged Grayscale's proposals for Dogecoin and XRP spot ETFs and is seeking public input before making a decision on their approval.
XRP and Dogecoin surge after the U.S. SEC acknowledged Graycale's applications for XRP and DOGE spot ETFs. Plus, GameStop considers buying bitcoin and South Korea lifts a ban on crypto trading in a sign of greater global acceptance of digital assets.
Ripple CEO Brad Garlinghouse is optimistic about the progress of crypto regulations in the United States after engaging with lawmakers in Washington, D.C. In a Feb. 13 post on X, Garlinghouse shared that he met with several policymakers in Washington, D.C.
US President Donald Trump's administration may be shelving plans for a formal “Crypto Council” in favor of a series of informal summits featuring a rotating cast of industry leaders.
Ripple's native crypto, XRP, decoupled from the heavy selling pressure emerging in the market due to the failure of Bitcoin to regain $100K. XRP turned out to be one of the biggest gainers of the day, while other major cryptos printed red indexes or gained marginally.
XRP rose 6.57% to $2.72. A significant increase in on-chain activity coincides with this price increase as the volume of XRP payments soars to 845 million.
XRP continues to hold firm above the $2 support level, maintaining investor interest despite broader market uncertainty.
Over 70 million ADA tokens have moved among whales, sparking speculation as Grayscale files for a Cardano Spot ETF.
Currently valued at $0.20, Rexas Finance (RXS) is a new cryptocurrency causing much discussion in the crypto world because of its similarities with Ripple (XRP). Over the years, XRP's price has surged dramatically, particularly in 2017, when it shot from undervaluation to an ATH.
XRP has been bullish on many fronts within the last 48 hours. The token's price has experienced a massive rebound, resulting in mild liquidations for traders holding long and short positions in the last hour.
The Securities and Exchanges Commission acknowledged a filing by the New York Stock Exchange and Grayscale for an XRP ETF on Thursday.
Stellar (XLM) has risen over 10% in the last 24 hours, closely mirroring the upward movement of XRP. This rise comes amid optimism that more cryptocurrencies will soon join Bitcoin (BTC) and Ethereum (ETH) in acquiring their spot exchange-traded funds (ETFs), as the SEC reveals new updates on crypto ETF filings.
Stellar (XLM) was also a top performer, gaining 6.1% from Thursday.