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Ripple News
Cryptopotato
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SEC Launches Cyber and Emerging Technologies Unit to Combat Cyber Fraud and Crypto Scams
- The US Securities and Exchange Commission (SEC) has announced the launch of the Cyber and Emerging Technologies Unit (CETU) to combat cyber-related fraud and protect retail investors from risks in emerging technologies.
- CETU, headed by Laura D'Allaird, replaces the Crypto Assets and Cyber Unit and focuses on fraud involving artificial intelligence, machine learning, blockchain technology, and crypto-related scams.
- The unit will also address cyber threats such as hacking for nonpublic information, retail brokerage account takeovers, and fraudulent schemes using social media, the dark web, and fake websites.
- The SEC's creation of CETU is part of their efforts to protect investors, support capital formation and market efficiency, and prevent the misuse of innovation to harm investors and undermine confidence in new technologies.
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Bitcoinist
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Ripple And Brazilian Bank Join Forces To Launch XRP Ledger Stablecoin
- Ripple and Brazilian bank Braza Group have collaborated to launch a stablecoin on the XRP Ledger called BBRL.
- The stablecoin is pegged to the Brazilian Real and aims to provide secure and cost-effective solutions for individuals and businesses.
- Braza Group plans to leverage the speed, security, and scalability of the XRPL to streamline digital transactions with BBRL.
- The stablecoin will be fully guaranteed by Braza Bank and is expected to launch in Q1 2025, targeting 30% of the Brazilian market.
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Cryptopotato
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Are XRP and DOGE Preparing for 25% Price Moves?
- Crypto analyst Ali Martinez suggests that DOGE and XRP could experience a 25% price increase.
- DOGE is near a breakout from a symmetrical triangle, and a 25% move to the upside would send its price over $0.3.
- XRP's landscape is similar, with an ascending triangle, and a break above it could lead to a 26% surge, reaching around $3.4.
- However, a sell signal from the TD Sequential Indicator indicates a potential pullback for XRP after its recent rebound.
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TechJuice
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Brazil Approves First Spot XRP ETF, Boosting Crypto Market Optimism
- Brazil approves its first spot XRP exchange-traded fund (ETF).
- The Hashdex Nasdaq XRP Index Fund will trade on Brazil's B3 stock exchange.
- The approval resulted in a significant increase in XRP prices, rising by 7.8%.
- The approval may attract more institutional adoption of XRP and influence other regulatory bodies.
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Bitcoinist
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XRP In Demand: Whales Go On $400 Million Buying Spree
- XRP whales have engaged in considerable net buying, indicating a potential bullish sentiment for the asset's price.
- On-chain analytics firm, Santiment, reveals that XRP whales have accumulated 150 million tokens ($400 million) in the past few days.
- Despite the recent decline in XRP's price, these whales believe it to be a temporary dip, leading to their buying spree.
- According to analyst Ali Martinez, XRP successfully broke out of an ascending triangle pattern, resulting in a significant price surge.
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TheCryptoBasic
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XRP Price If It Gains 50% Share of Global Crypto Market
- XRP's valuation could surge to the multi-trillion-dollar range if it gains 50% of the global crypto market.
- XRP currently holds the position of the third-largest crypto asset, following Bitcoin and Ethereum.
- In a scenario where XRP captures 50% of the global crypto market, its market cap would be $1.6 trillion, with a unit price of $27.65.
- If XRP controls 50% of the crypto market, other assets, including Bitcoin and Ethereum, would need to share the remaining half.
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Crypto-News-Flash
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XRP ETF Debuts—What This Means for Ripple and Crypto Markets
- Brazil approves the first XRP ETF application, allowing investors to have direct exposure to XRP through the B3 stock exchange.
- The XRP ETF approval in Brazil may accelerate the approval of XRP ETF applications in the US, as multiple firms have submitted applications for XRP-based investment products.
- Upon the announcement of the XRP ETF approval in Brazil, XRP experienced a 4.7% gain, contributing to a weekly return of 9%.
- An analyst predicts XRP may reach a market cap of $3.4 trillion, based on the Non-Logarithmic Measured Move and the golden ratio (Fib 1.618), suggesting a market cap of $978 billion for this cycle.
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Zycrypto
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Explosive Breakout Imminent For Ripple’s XRP After SEC Formally Accepts Multiple Spot XRP ETF Filings
- The U.S. Securities and Exchange Commission (SEC) has set a deadline for deciding whether to approve multiple exchange-traded funds (ETF) that track the price of Ripple-promoted XRP directly.
- The SEC acknowledged other XRP ETF filings, signaling a formal review of the proposals.
- XRP is trading at $2.70, up 5.7% on the day, following an 11.2% climb in the last week.
- The SEC's acknowledgment of XRP ETF proposals coincides with speculation about the regulatory agency's legal dispute with Ripple, potentially providing a clearer path forward for XRP.
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TheCryptoBasic
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Here are XRP Price Levels to Watch as ETF Hopes Stir Excitement
- XRP price surges on ETF hopes, outperforms broader crypto market.
- Key price levels highlighted by analyst, targeting top of resistance zone at $2.83.
- Close above $2.90-$3.10 may lead to bullish continuation and potential return to multi-year highs of $3.4.
- Positive resolution of SEC and Ripple case and Brazil's approval of XRP spot ETF may further boost XRP's price.
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Crypto-News-Flash
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XRP Price Rallies 6% As Reports of First XRP ETF Catches Steam
- XRP price surges more than 6% after reports of the first XRP ETF approval in Brazil.
- The broader crypto market shows signs of recovery with Bitcoin price surging to $97,000.
- XRP futures open interest increases to over $4.10 billion, indicating growing investor interest.
- Hashdex secures approval to launch an XRP ETF in Brazil, potentially boosting XRP price further.
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Cryptopotato
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Why is the Ripple (XRP) Price Up Today?
- Ripple (XRP) outperforms other major cryptocurrencies with a 6% daily increase.
- Brazil approves world's first spot XRP exchange-traded fund (ETF).
- Whales accumulate 150 million XRP tokens in 48 hours, boosting its value and inspiring smaller investors to enter the market.
- Speculation arises about XRP's rally being connected to Trump's articles about Ripple's expansion on American soil.
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Cryptopotato
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Ripple (XRP) Jumps to $2.7, Bitcoin (BTC) Taps $97K (Market Watch)
- Ripple's XRP surged to $2.7 and Bitcoin tapped $97,000 for the first time since Monday.
- Bitcoin experienced volatility earlier in the week, ranging between $95,000 and $97,000.
- Altcoins, including XRP, SUI, and XLM, showed gains despite initial pressure.
- The total crypto market cap jumped to $3.330 trillion.
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Bitcoinsensus
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XRP Price Prediction: XRP Explodes in Price
- XRP has broken through a supply zone with no reaction, indicating higher timeframe demand dominance.
- Liquidity is building above a trendline and below key levels, suggesting possible price manipulation before the next move.
- Patience is key as waiting for the price to hit strong demand or supply zones improves trade setups.
- XRP could tap into the marked demand zones before heading up, but confirmation and patience are necessary.
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TheNewsCrypto
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Will XRP’s Price Climb As ETF Progress Unfolds?
- XRP price jumps over 6% to trade at around $2.70.
- Brazil approves its first-ever spot XRP ETF, managed by Hashdex.
- Technical data suggests potential turbulence ahead for XRP.
- The SEC may delay approving spot XRP ETFs until the Ripple lawsuit is resolved.
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Crypto-News-Flash
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XRP Ledger Welcomes BBRL: Braza Bank’s New Brazilian Real Stablecoin
- Braza Group has launched the BBRL stablecoin, pegged to the Brazilian Real, on the XRP Ledger.
- BBRL aims to provide secure and efficient digital transaction solutions in Brazil and South America, with a goal to capture 30% of Brazil's digital market by 2025.
- Developed with high security standards, BBRL combines the stability of the Brazilian real estate with the advantages of blockchain technology.
- Braza Group is also involved in DREX, a project initiated by Brazil's Central Bank, and sees potential for BBRL to explore new use cases in the public blockchain space.
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