➢ Grayscale Investments submitted a request for a spot $XRP exchange-traded fund ETF to the New York Stock Exchange NYSE on January 30, 2025.
➢ This could enhance liquidity and provide easier access for traders wanting to hold #xrp without dealing with custody issues.
➢ With this application, Grayscale joins the ranks of six other asset managers who have sought approval for an XRP ETF.
➢ This filing follows their recent applications for Litecoin and Solana ETFs.
➢ By submitting the 19b-4 form, Grayscale plans to turn its existing XRP trust into an ETF for trading on the NYSE.
➢ The XRP trust, started last year, currently oversees around $16 million.
➢ Grayscale's push for a spot XRP ETF comes as the crypto sector sees a surge in ETF applications, particularly after Donald Trump's inauguration and Gary Gensler's resignation from the SEC.
➢ Additionally, it's worth noting that Grayscale has previously achieved success with a Bitcoin Miners ETF.
Market Update of the past 24 hours:📊📈🚀
➢ $XRP is presently priced at $3.076, experiencing a minor decline of - 0.75% over the past day. It dipped to a low of $3.05 but swiftly bounced back to $3.07 and then to $3.08. If #XRPArmy can maintain stability above the $3.09 to $3.10 range, there’s potential for it to climb to $3.20 or more.🚀
➢ The trading volume in USDT over the last 24 hours has dropped to 520 million, likely due to the approaching weekend.🧐
➢ All-Time High: $ 3.40 on the 16th of January 2025.🚀
Crypto analysts and influencers have put various forecasts regarding the future price of XRP:🤓
➢ By 2025, some estimates indicate that the price could reach as high as $6.78.
➢ Moving to 2028, experts predict that XRP may stabilize at about $3.65.
➢ For 2029, the average price is projected to increase to roughly $7.30.
➢ It's crucial to keep in mind that these predictions are speculative, relying on various technical analysis methods rather than being swayed by news or market hype.
🤓Trading advice: If you're thinking about making a purchase for a short-term or a long-term trade, it's wise to keep a close eye on the market. Pay attention to the 1h and 15m charts, along with the 24h volume, MACD, and RSI. Observing these indicators for a period of 1-4 hours for short-term trading and to 2-3 days for long-term trading can help you lock in a better price.👍
🚨Attention: Please keep in mind that cryptocurrency investments and trades always come with risks, and market conditions can change quickly! If you enjoyed the article/post, it is greatly appreciated if you would share your thoughts in the comments, give it a like and please follow for more insights, research, analysis, and trends related to cryptocurrencies. Wishing you all lots of success for the CryptoTrends2025!🤑👍
Uncover more facts and details available for you here:
➢ R.I.P. RippleXRP file! SEC has removed file from the website! The end of the Legal Dispute?
➢ REX Shares has applied application for XRP ETF
#Xrp🔥🔥 #XRPGoal #XRPPredictions