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Ripple News
Bitcoinist
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XRP ETF Round 2: Canary Capital’s Latest Move In The US Market
- Crypto investment company Canary Capital has submitted an application for a second XRP exchange-traded fund (ETF) in the United States.
- The filing demonstrates a bold approach to XRP's long-term potential despite legal and regulatory uncertainty surrounding the asset.
- Canary Capital's ETF filing reflects institutional interest in XRP and provides a regulated way for investors to gain exposure to the asset.
- If approved, the ETF would offer large investors a clear pathway to enter the XRP market and potentially signal a new stage of maturity for XRP.
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Crypto-News-Flash
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XRP Faces Crucial Week: Why Closing Above $0.55 Is Key
- XRP must close above $0.55 this week to avoid testing $0.40 support.
- Bitcoin dominance plays a crucial role in the potential surge of altcoins like XRP.
- Once Bitcoin starts to decline, altcoins may experience a 2x to 5x increase.
- XRP's historical trends and technical indicators support a possible bullish reversal.
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Cryptonewsz
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Analyst Shares Crucial XRP Resistance That Could Make Or Break Ripple’s Next Move
- A seasoned crypto trader predicts a potential five-fold price increase for XRP.
- The trader emphasizes the importance of XRP closing above the $0.55 resistance level.
- Failure to breach this level may result in XRP retracing to test support at $0.40.
- The trader is optimistic about the altcoin market, expecting 2x to 5x price increases.
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Bitcoinsensus
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Ripple Won a Major Financial Award, But XRP Struggling
- Ripple has won the Best Cross-Border Payment Platform award at the Juniper Research's Fintech & Payments Awards, surpassing competitors including Boku and Huawei.
- Despite this achievement, Ripple's cryptocurrency, XRP, continues to struggle and is currently trading at around $0.53.
- Ripple's success in winning the award demonstrates the company's broader initiatives and resilience in growth beyond its individual assets.
- Despite the ongoing SEC litigation and the decline of XRP, Ripple remains focused on entering new markets, developing new products like RLUSD stablecoin, and contributing to the development of Web3.
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Crypto-News-Flash
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XRP ETF Momentum Builds: Canary Capital Files Second U.S. Application
- Canary Capital Group has filed for an XRP Exchange-Traded Fund (ETF) with the US Securities and Exchange Commission.
- The move is politically motivated and strategic, with signs of a progressive regulatory environment and growing demand for ETF-related products.
- The ETF would provide exposure to the value of XRP held by the Trust, allowing investors to assess the market without directly acquiring or holding the asset.
- The chance of ETF approval depends on the outcome of the legal battle and may be influenced by the upcoming US presidential election.
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TheNewsCrypto
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Canary Capital Files for Spot XRP ETF Approval with SEC
- Canary Capital has filed for spot XRP ETF with the U.S. SEC.
- Canary Capital became the second firm to pursue the product after Bitwise.
- The filing comes amidst the legal battle between Ripple Labs and SEC over the classification of XRP.
- Canary Capital's founder cites the regulatory landscape and increasing investor interest as driving factors for the XRP ETF filing.
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Newsbtc
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Crypto Analyst Predicts Massive 8,400% Rise For XRP Price To $44, Calls It ‘Conservative’
- Crypto analyst Egrag Crypto predicts an 8,400% rise for XRP price to $44.
- The analyst suggests that $44 is a conservative price target based on current cycle and Fib Channel.
- Other analysts, like Javon Marks, predict XRP could reach three digits, with a prediction of $200.
- Egrag Crypto also outlines worst case scenario for XRP, with a minimum price target of $2.3 to $5.89.
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TheNewsCrypto
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Cardano (ADA) and Ripple (XRP) Target $5 by 2025, New Altcoin Under $0.10 to Pump to $17
- Cardano (ADA) and Ripple (XRP) target $5 by 2025, but some investors believe Rexas Finance (RXS) could reach $17 by then.
- Rexas Finance lets people own a fraction of a real-world asset - including real estate and fine art - through tokenization.
- The recent presale of Rexas Finance has seen the company raise close to $3m and sell 65m tokens across stages 1-3.
- Key problems that Rexas Finance addresses include high barriers to entry, liquidity and regulatory compliance.
- The innovative features of the platform, including the QuickMint Bot, provide a simple way to mint new tokens and a dynamic Launchpad for new businesses.
- The launchpad can reduce costs for young businesses seeking investments or wanting to innovate through token offering.
- Rexas Finance will appeal to the mass adoption of tokenization. Its model of offering tokenized investments to multiple assets ensures a good market share.
- Rexas Finance expects exponential growth in demand for its fractional ownership platform, as more users invest in RXS tokens.
- The successful completion of the presale shows the strong interest in the investment opportunity provided by Rexas Finance.
- TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.
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Newsbtc
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XRP Price Coiling for a Leap: Can It Finally Break Through?
- XRP price is stuck in a tiny range below the $0.550 level.
- XRP price is still stuck in a range above the $0.5080 support.
- There is a connecting bearish trend line forming with resistance at $0.5340.
- The pair could gain bullish momentum if it clears the $0.5360 and $0.5450 resistance levels.
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Bitcoinist
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Japanese Financial Giant SBI Unveils NFTs On XRP Ledger And Polygon
- SBI Digital Community, a subsidiary of SBI Holdings, is set to conduct the public sale of its inaugural 'Crypto Canvas Collection' NFTs on Polygon and XRP Ledger.
- The collection consists of 3,000 unique hand-drawn generative NFTs, with each priced at 0.025 ETH.
- Credit card payments will be accepted during the public sale, making it more accessible for newcomers to cryptocurrency.
- Holders of the first collection NFTs will enjoy exclusive benefits, including participation in lotteries to win additional NFTs and access to an NFT discount service at participating stores.
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10 Likes
Crypto-News-Flash
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UAE Scraps VAT on Crypto Transfers, Paving the Way for Ripple and XRP Adoption
- The UAE has introduced new VAT amendments impacting cryptocurrency transactions.
- These amendments, effective from November 15, 2024, have retroactive rules from 2018.
- The amendments extend VAT exemptions to certain virtual asset transactions, including transfer of ownership and conversion of assets.
- The UAE has shown significant growth in the cryptocurrency market, processing over $30 billion worth of cryptocurrency between July 2023 and June 2024.
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Crypto-News-Flash
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Hidden Bull Divergences Since 2022 Point to XRP Breakout Potential
- XRP has confirmed multiple Hidden Bull Divergences since 2022, indicating a potential bullish breakout from a pennant pattern.
- A bull breakout could result in XRP surging over 450%, reaching $3.3+ with further growth potential.
- Analyst Javon Marks believes the breakout may be just the beginning of a larger upward journey for XRP.
- Geopolitical events, such as Russia's potential adoption of XRP for cross-border payments, could add momentum to the coin.
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Crypto-News-Flash
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Web 3.0 Bank on XRP Ledger: Bridging Finance and DeFi for a New Era
- Monerex has partnered with XRPL to build the first Web 3.0 bank on the XRP Ledger.
- The Web3 banking infrastructure will focus on peer-to-peer transactions, eliminating intermediaries and reducing costs.
- The partnership aims to capitalize on the scalability, security, and decentralization of XRPL for a seamless and robust banking platform.
- XRPL has collaborated with Axelar Foundation to introduce interoperability and drive innovation in the blockchain ecosystem.
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23 Likes
Crypto-News-Flash
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XRP Demand Surges as ETF Momentum Grows, Says Ripple’s Brad Garlinghouse
- Ripple CEO Brad Garlinghouse expresses optimism about the growing demand for XRP as Bitwise files for an XRP ETF.
- Bitwise Asset Management has filed for a Bitwise XRP Exchange Traded Product (ETP), indicating increasing institutional interest in Ripple's XRP.
- Garlinghouse highlights the growing integration of XRP into traditional finance and believes this is just the beginning.
- Approval odds for the XRP ETF are low due to the SEC's legal battle with Ripple and the lack of an established XRP futures market.
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TechBullion
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XRP Breaking News: XRP Headed for Pump as JetBolt Continues to Grow
- XRP shows signs of potential price pump amidst ongoing legal battle with the SEC.
- XRP's price is testing a key resistance level at $0.54, with the possibility of further weakness to $0.50.
- The launch of Ripple USD stablecoin (RLUSD) and SEC litigation impact XRP's future prospects.
- JetBolt (JBOLT) gains traction with over 39 million tokens sold in the presale, attracting crypto whales and enthusiasts.
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