➢ In a pioneering move, Bitwise Asset Management has positioned itself as the first to launch an exchange-traded fund (ETF) dedicated to XRP, the cryptocurrency tied to Ripple Labs.💪
➢ On October 2, 2024, the company filed an initial registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for the Bitwise #XRP ETF, which plans to hold XRP directly.👍
➢ This announcement sparked considerable excitement on social media throughout October 2024.🤩
➢ A prominent crypto influencer (Collin Brown) remarked, “Once the SEC is overcome by the #XRPArmy , we could see prices soar to $10 per XRP!”📈🚀
➢ If the ETF receives approval, it would offer investors a regulated way to gain exposure to XRP, enabling them to invest in the cryptocurrency via traditional financial channels.🙏
📊Market Update of the past 48 hours in XRP/USDT:
➢ $XRP has certainly had its ups and downs recently! Starting off at $3.07 in early February, it took a sharp dive down to $1.77 soon after. However, in a surprising turn of events, it rebounded to $2.78. Now, it seems to be regaining momentum, currently sitting at $2.48 and trending upwards.📊
➢ XRP is recovering well after hitting recent lows, driven by strong buying interest. As the price goes up, traders need to be on the lookout for possible breakout opportunities.🚨🚀
➢ The trading volume in USDT for the past 24 hours is $1.03Billion, a notable rise from yesterday's $895 million. This increase in trading activity is clearly influencing the price of XRP.📈
➢ All-Time High: $3.40 reached in the middle of January 2025.🏅
📊Crypto Analysts & Influencers have shared different predictions for #XRPGoal future price:
➢ Some believe that if XRP manages to surpass the $3.40 resistance level, it could aim for $4.20 and potentially reach $5 or even higher. On the other hand, if it dips below $2.52, a decline to $1.96 may occur.✅
➢ Another analysis suggests that by mid-February 2025, XRP's price could stabilize between $2.80 and $2.89, which appears to be a more grounded expectation.👍
➢ According to #Binance ( BNB ), a wave of profit-taking might lead XRP to drop to $2.13. However, if buying activity increases, it could push the price above $3.27, inching closer to its all-time high of $3.41.📈🚀
📊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!👍
🤓Access more information and details waiting for you here:👍
➢ Billion Dollar Giant GRAYSCALE applies for XRP ETF! Market Update and Prediction!
➢ The application for crypto ETFs: XRP, SOL, TRUMP, and DOGE has been filed by REX Shares!
➢ The ALL-IN-ONE HANDBOOK for BEGINNERS! If you're a Newbie - This is a MUST-read for you!