XRP has been outperforming Bitcoin in recent days, with its BTC pairing rising to $0.0000255. Since bouncing from $0.00002345 on Feb. 7, XRP has recorded gains on six of the last seven days, marking four consecutive days of growth since Feb. 9.
XRPs recent price action shows a short-term EMA crossover that may signal consolidation rather than a bearish trend. The 26/50 EMA crossover, spotted on XRPs chart, often indicates a temporary correction instead of a prolonged downtrend.
Details on Grayscale's filing show a comprehensive framework for what could be the industry's first spot XRP fund.
The US Securities and Exchange Commission (SEC) formally acknowledged the 19b-4 filings for XRP exchange-traded fund (ETF) today, meaning that the agency is at least willing to consider the proposal.
The SEC's review of Grayscale's ETF applications could signal a shift towards greater acceptance of crypto investment products in the US. The post SEC formally accepts Grayscale XRP and Dogecoin ETF applications for review appeared first on Crypto Briefing.
The US Securities and Exchange Commission (SEC) has officially recognized Grayscale's proposal for a Dogecoin (DOGE) exchange-traded fund (ETF). This development comes as part of the SEC's standard process for reviewing ETF proposals. The regulatory body posted a 19b-4 form on Thursday, which acknowledges the filing by NYSE Arca on behalf of Grayscale.
The U.S. SEC has acknowledged Grayscale's proposals for an XRP and Dogecoin exchange-traded fund and is asking for public comments.
The US Securities and Exchange Commission (SEC) has acknowledged Grayscale's 19b-4 filing for its Dogecoin and XRP ETF. This paves the way for a potential approval of this fund, a development that provides a bullish outlook for the Dogecoin and XRP prices.
XRP has been at the center of attention in the cryptocurrency market as it consolidates at a pivotal price level. While the asset's future remains uncertain, on-chain data and technical analysis suggest that XRP could potentially soar by 30%, reaching $3.22—provided it successfully breaks through key resistance levels.
Cryptocurrency markets are trading lower on Thursday, continuing to trade in a tight range. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $95,842.60 -1.3% Ethereum (CRYPTO: ETH) $2,648.21 -1% Solana (CRYPTO: SOL) $193.46 +0.07% XRP (CRYPTO: XRP) $2.46 +0.8% Dogecoin (CRYPTO: DOGE) $0.2571 -1.5% Shiba Inu (CRYPTO: SHIB) $0.00001617 -3.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 4.9% and daily active addresses higher by 8.5%.
XRP, the cryptocurrency associated with Ripple, has been witnessing a notable uptick in its trading activity. Over the past 24 hours, XRP's trading volume surged by an impressive 24%, highlighting growing interest among market participants.
Binance founder Changpeng Zhao , known as “CZ,” ignited a meme coin frenzy and subsequent backlash in the crypto community after sharing a story and photos of his dog, a Belgian Malinois named Broccoli. While CZ explicitly stated he was not creating a meme coin himself, the post prompted the launch of hundreds of tokens bearing the dog's name on the BNB Chain (CRYPTO: BSC).
Ripple officially unveiled its long-awaited stablecoin, Ripple USD (RLUSD), marking a pivotal moment for its evolution. The new digital currency, first announced in April, began trading in December following the New York State Department of Financial Services (NYDFS) approval last week.
The XRP price is eyeing a rally to the $8 price level, which will mark a new all-time high (ATH) for the crypto. This comes amid speculations that the US Securities and Exchange Commission (SEC) is set to acknowledge the XRP ETF applications.
As crypto faces declines, WallitIQ turns green, with predictions of a massive surge, attracting early investors. #partnercontent
XRP has been forming a red bearish candle since the beginning of February, which is a result of a price crash that took place at the start of the month. Although THE ALTCOIN has since recovered slightly, it has yet to return to its January open.
XRP consolidates at a crucial level, seeing $75M outflow, bullish outlook, and strong support from an ascending trendline.
Binance is in the spotlight as online analysts on X question its low reserves and whether the crypto exchange sold its BTC, SOL, and XRP reserves to pay its $4.3 billion fine to the Department of Justice (DoJ). Binance, however, has assured customers that their funds are safe.
The disappointment over the lack of an altcoin season is palpable throughout the market. While Bitcoin (BTC) has renewed one all-time high after another almost every two months or even less, alternative cryptocurrencies show much weaker performance, and only select ones like Solana (SOL) saw their historical highs rewritten.
The current consolidated pattern in XRP's price could signal trouble for sellers because it seems the altcoin might be gearing up for a sharp increase. Many experts expect big rises in XRP's value as the market becomes more hopeful about the U.S. approving an XRP-focused ETF today.
There aren't too many cryptocurrencies that belong in nearly everyone's portfolio. Still, even if XRP (XRP 1.21%) experiences many of the same pitfalls as other cryptos, like extreme price volatility and a fairly uncertain long-term picture, it is looking like an increasingly attractive place to invest, even if it's with a smaller amount, like $1,000 or so.
XRP is moving sideways above $2. Where will it go next?
The XRP price has been gaining ground against Bitcoin in recent days, signaling a potential shift in market dynamics. At the time of writing, XRP was up in its Bitcoin pairing to $0.0000255.
Ripple CTO David Schwartz highlights the potential of real-world asset tokenization using the XRP Ledger, emphasizing its efficiency in sectors like real estate.
Last year, Ripple CEO Brad Garlinghouse revealed that his company has partnered with 10 governments to develop their respective Central Bank Digital Currencies. Working with the central banks of countries like Colombia, Georgia, Montenegro, and Palau could speed up the adoption of digital currencies globally.
Last year, Ripple CEO Brad Garlinghouse revealed that his company has partnered with 10 governments to develop their respective Central Bank Digital Currencies. Working with the central banks of countries like Colombia, Georgia, Montenegro, and Palau could speed up the adoption of digital currencies globally.
Ripple is exhibiting muted price action with minimal volatility, reflecting a market in indecision. Despite this uncertainty, the price remains confined within a narrow trading range, with consolidation likely to persist in the short term.
Several analysts are anticipating massive XRP price gains as the market grows more optimistic about a spot XRP ETF approval in the United States.
On Feb. 13, 2025, XRP stood at $2.46, commanding a valuation of $141 billion, paired with a daily trading volume of $4.87 billion. Its price oscillated between $2.36 and $2.49 during the session, reflecting a delicate balance between buyer tenacity and seller restraint.
Even though the number of transactions on its network has significantly decreased, XRP's price has increased by a noteworthy 5%. Questions concerning the network's present activity levels and possible future price movements are raised by the fact that executed transactions have decreased from 11.6 million to roughly 600,000.
According to an FX Street report, XRP has rebounded by 2% in early Asian trading on Thursday as accumulation trends strengthen among investors. On-chain data suggests that investors are shifting towards a buy-the-dip mentality following the recent market downturn.
XRP spent most of 2024 trading sideways. However, it was one of the biggest beneficiaries of the bull run that kicked off in November.
The Ripple vs. SEC legal battle has been one of the most closely followed and high-stakes cases in the cryptocurrency world.
XRP is witnessing growth in its trading activity amid renewed interest from market participants. In the last 24 hours, XRP trading volume has surged by a significant 24% as user engagement turned positive.
According to the latest data from the analysis platform Santiment, XRP is experiencing significant growth in its network, marked by a notable increase in the number of active wallets. This positive trend sharply contrasts with the situation of Bitcoin, which has lost over 277,240 active wallets in the past three weeks.
Among the major cryptocurrencies, few can reliably command as much attention as XRP (XRP 1.05%) and Ethereum (ETH 1.89%), as different as the two may be. Assuming that you're looking to hold onto either coin for at least three years or so, there are plenty of reasons that both could justify an investment of $3,500.
After a solid breakout from the multi-year symmetrical triangular pattern in early November, XRP price entered its first consolidation ahead of the much-anticipated price discovery phase.
XRP maintains stability above $2.32 while repeatedly testing $2.50 resistance, demonstrating persistent buying pressure amid an accumulation phase marked by decreased volatility and steady volume patterns.
XRP price surged today, fueling speculation about a potential rally toward $15. Analysts remain bullish as Ripple's native crypto shows signs of breaking key resistance levels.
MoonPay could not access the capital needed to provide liquidity for TRUMP transactions on its platform because the boom happened over a weekend.
XRP has been attempting to recover from a significant 25% decline, which saw its price drop from $3.00 to $2.33. While investors are hopeful for a rebound soon, the path to recovery may take some time.
Amid the rising speculation of the SEC acknowledging Grayscale's 19b-4 filing for an “XRP ETF”, the XRP price has experienced a jump of over 2% overnight. Notably, with a potential XRP ETF approval, the Ripple price may head toward a new ATH shortly.
According to analytics platform Santiment, XRP continues to see its network grow with more wallets. The same applies to Ethereum, the second most popular blockchain network.
The SEC's changing stance on digital assets is now at a critical juncture. Recently, both the SEC and Binance requested a Washington, D.C. federal judge to pause the ongoing enforcement action for two months.
The cryptocurrency business has resumed its trade today on a positive note, despite the latest CPI numbers being a pain point. Talking about numbers, the total market cap has shot up by 3.10% in the past 24 hours to $3.22 trillion. The trading volume has risen by 22.27% to $129.
Ripple's XRP has drifted to the green zone and has posted decent gains in the last 24 hours. The price is now eyeing to break the $2.50 mark and is now bouncing from an important support zone.
Metrics reveal Ripple's newly minted stablecoin, RLUSD, has eclipsed the $100 million threshold mere weeks after its mid-December 2024 debut. RLUSD Supply Climbs to 108M As of Feb. 12, 2025, the broader stablecoin arena boasts a valuation of $224.367 billion.
The cryptocurrency market is on edge as the US Securities and Exchange Commission (SEC) prepares for a crucial closed-door meeting today, February 13, 2025. While the session falls under the Sunshine Act, meaning discussions remain private, speculation is rife about its potential implications for Ripple and the wider digital asset sector.