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Ripple News
Bitcoinist
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Hold The Hype—XRP ETF Not Arriving April 30, Analyst Says
- Rumors of ProShares launching XRP ETFs on April 30 were dispelled by Bloomberg ETF analyst, James Seyffart, clarifying that no official release date has been set.
- ProShares have confirmed that there are no ETF launches scheduled for April 30, and no specific timeline for future launches has been provided.
- XRP's price has remained stable despite the confusion, currently trading at $2.28 with a slight increase above its intraday low.
- New XRP ETFs will not hold actual tokens but will utilize futures contracts, offering indirect exposure to XRP price movements.
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Crypto-News-Flash
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What’s Supporting XRP? Two Factors Behind Ripple’s Price Stability
- XRP shows resilience amidst crypto volatility, maintains key supports, and eyes a potential breakout above $2.40.
- Bullish sentiment persists for XRP due to market conditions and aligned technical indicators.
- XRP's recovery from annual low of $1.61 on April 7 signals positive momentum; maintaining support over key technical levels.
- Increased market confidence, support from Bitcoin's uptrend, and potential supply hurdles at $2.80 and $3.00 contribute to XRP's optimistic outlook.
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Crypto-News-Flash
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Why XRP and Chainlink Are Collaborating for the Future of Blockchain
- XRP and Chainlink are collaborating for the future of blockchain, providing different services within the industry.
- Expert Ivo Knébl clarified that XRP and Chainlink do not compete, as they contribute to building the blockchain infrastructure with distinct features.
- Mutual collaborations between XRP and Chainlink show how they complement each other's ecosystems, focusing on settlement services and reliable data feeds.
- Ondo Finance's integration of XRP and Chainlink exemplifies how these technologies work together to enhance asset valuation and data accuracy, showing the evolving landscape of blockchain solutions.
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Cryptopotato
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How Much Would $1,000 Invested in XRP in 2018 Be Worth Today?
- Investing $1,000 in XRP in 2018 would be worth $3,360 today, a profit of around $2,360 based on the average XRP price of $0.66 in 2018.
- If the investment was made at the highest XRP price in 2018 of $3.83, the value of $1,000 would now be $580, resulting in a loss of around 42%.
- At the lowest XRP price in 2018 of $0.24, the $1,000 investment would amount to about $9,250 today, indicating gains upwards of $8,000.
- XRP's price has increased by 825% since the lowest point in 2018.
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TheNewsCrypto
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U.S. SEC Postpones Decision on Franklin Templeton’s Spot XRP ETF
- The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton’s spot XRP ETF to June 17, 2025, allowing another 45 days for a decision.
- XRP gained momentum after the approval of the first-ever XRP futures ETF by ProShares, increasing the likelihood of a spot XRP ETF approval in the near future.
- Analysts suggest that XRP could be heading towards the $4–$6 range, supported by recent institutional attention and positive regulatory signals.
- XRP responded positively to the SEC's decision with a 1% price surge, reaching approximately $2.30. The crypto community eagerly awaits the June ruling for a potential spot XRP ETF approval.
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Coinjournal
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SEC delays decision on Franklin Templeton’s spot XRP ETF
- The US SEC has delayed its decision to approve or disapprove Franklin Templeton’s application for a spot XRP ETF.
- SEC has extended the period of review for the XRP ETF to June 17, 2025.
- ETF expert James Seyffart says most of the final verdicts for most ETF proposals are made in October or later.
- SEC's cautious deliberation aligns with the pattern it has adopted regarding crypto-related financial products.
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Bitcoinsensus
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SEC Hits Pause on Dogecoin ETF—New Deadline Set for June
- The SEC has delayed decisions on major crypto ETFs, including Dogecoin and XRP, pushing deadlines to June 2025.
- Solana and Hedera ETF approvals face further delays, with final deadlines now expected in October 2025 or later.
- The SEC’s Crypto Task Force is working on a new regulatory framework, expected by August—this could shape future ETF approvals.
- The SEC is taking more time to evaluate the filings and to wait for a new regulatory framework from the Crypto Task Force.
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Cryptopotato
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SEC Delays Decision on Spot Ripple, Dogecoin ETF Applications
- The US Securities and Exchange Commission has delayed making a decision on two cryptocurrency-related ETF applications, tracking the performance of XRP and DOGE.
- The review period has been extended to June 15 for the Dogecoin ETF and June 17 for the Ripple-based one.
- The XRP ETF delay comes just a few days after the agency approved three futures funds from ProShares.
- The launch date for the approved futures funds is set for May 14.
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Crypto-News-Flash
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Ripple CEO Eyes SWIFT’s Share—How High Can XRP Price Go?
- Ripple CEO, Brad Garlinghouse, expresses the potential to revolutionize the cross-border payments market through XRP and blockchain technology.
- Ripple aims to surpass SWIFT and modernize the global payments industry, targeting a market worth hundreds of trillions of dollars.
- Optimistic forecasts suggest that if XRP is adopted for a significant portion of the $20 trillion global payments market, its value could increase.
- Efforts to replace SWIFT may take time, but forecasts highlight the valuation upside for Ripple if it secures a meaningful share of the cross-border payments business.
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Cryptopotato
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Ripple Price Analysis: Has XRP Run Out of Juice After 9% Weekly Rally?
- Ripple has reached a key resistance level at $2.4, but lacks sustained buying strength.
- The $2.4 mark coincides with the 100-day moving average, making it a strong supply area.
- A rejection from this level is anticipated, leading to a period of sideways consolidation.
- For a clear direction, Ripple needs a decisive breakout from the current range between the 100-day and 200-day moving averages.
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Bitcoinist
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XRP Whale Makes $68.7 Million Coinbase Deposit—Cashing In On Price Surge?
- An XRP whale transferred 29,532,534 tokens worth $68.7 million to Coinbase.
- Whale inflows to exchanges can indicate a bearish sign for the price of XRP.
- The sending address was an unknown wallet, while the receiving address was connected to Coinbase.
- XRP briefly surged to $2.36 but pulled back to $2.27.
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Cryptopotato
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Major Ripple ETF Update: Watch This Date if You Hold XRP
- ProShares's approved futures XRP ETFs do not have a confirmed launch date yet, according to Bloomberg's James Seyffart.
- US investors are waiting for a spot XRP ETF, with companies like Grayscale, Franklin Templeton, and Bitwise pushing for approval.
- Ripple's three approved XRP ETFs, including Ultra XRP ETF and Short XRP ETF, have triggered a price increase for the cryptocurrency.
- While other XRP ETFs are being pursued in the US, the first spot XRP ETF was launched in Brazil by Hashdex in February.
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Crypto-News-Flash
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XRP Watch: Key Events Set for May 1 and June 9—Here’s What to Know
- BlackRock, the world’s largest asset manager, is reportedly working on an XRP ETF filing and two key dates to watch are May 1 and June 9.
- BlackRock's silence on XRP could be attributed to its focus on Bitcoin and Ethereum, in which it has achieved significant success.
- BlackRock may be waiting for leverage to strike and taking a cautious approach with XRP, considering regulatory concerns and its lower market share.
- A possible launch of an XRP ETF, even without BlackRock's involvement, has the potential to trigger a price surge for XRP to $15.
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Bitcoinist
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Brazil Launches 1st Ever Spot XRP ETF — Is A US Approval Coming?
- Brazil has launched the first-ever XRP spot ETF on the B3 stock exchange.
- The XRP ETF, managed by Hashdex, tracks XRP's price using the Nasdaq XRP Reference Price Index.
- The ETF has been approved by Brazil's Securities and Exchange Commission and has a fund structure that includes a 0.8% annual management cost.
- Despite Brazil's launch, the United States does not have an XRP ETF, although several asset managers have filed for XRP spot ETF approval.
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TheNewsCrypto
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Best Crypto to Buy if You Were on the Sidelines During Ripple’s (XRP) $0.30 to $3.40 Rally
- Rexas Finance (RXS) is gaining attention as a potential high-growth asset in the crypto market.
- The platform allows users to tokenize real estate, gold, and fine art assets into blockchain tokens.
- With a successful presale raising $47.6 million, analysts predict long-term demand and substantial returns for RXS.
- Optimistic market projections suggest RXS could reach $10 by mid-2025 and $18 by the end of the year.
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