➢ Canary Capital announced in the beginning of October that it has filed for a spot #XRP ETF in the United States. This filing was made using a Form S-1 submitted to the U.S. Securities and Exchange Commission (SEC).✅
➢ Following Bitwise's groundbreaking move as the first company to submit an XRP ETF application in the US, Canary Capital is now stepping up with its own filing.✅
➢ While Bitcoin ( BTC ) and Ethereum ( ETH ) have gained the green light from regulators for their spot ETF offerings, other cryptocurrencies, including Solana (SOL) and Dogecoin ( #DOGE ), are still navigating uncertain waters concerning ETF approval.🙏
➢ Despite legal challenges from firms like Crypto.com against the SEC, many industry insiders remain doubtful about the chances of further crypto ETFs being sanctioned.🧐
➢ With approval, the ETF would offer a regulated option for investors to gain exposure to #XRPGoal , allowing them to invest in the cryptocurrency through traditional financial avenues.
📊Market Update of the past 48 hours in XRP/USDT:
➢ $XRP has definitely experienced quite a rollercoaster ride lately! It began the month of February at a high of $3.07, but quickly plummeted to $1.77. In an unexpected twist, it bounced back to $2.78. At present, it appears to be picking up steam again, currently valued at $2.48 and showing signs of an upward trend.📊
➢ The trading volume in USDT over the last 24 hours has reached an impressive $1.03 billion, marking a significant jump from yesterday's $895 million. This surge in trading activity is evidently impacting the price of XRP.📈
➢ The trading volume in USDT for the past 24 hours is $1.03 Billion, 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 #XRPPredictions future price:
➢ Some analysts believe that if XRP breaks through the $3.40 resistance, it could set its sights on $4.20 and possibly even reach $5 or more. Conversely, if it falls below $2.52, a drop to $1.96 could be on the horizon.✅
➢ Another perspective indicates that by mid-February 2025, XRP's price might find a stable range between $2.80 and $2.89, which seems like a more realistic forecast.👍
➢ According to #Binance ( BNB ), a surge in profit-taking could cause XRP to decline to $2.13. However, if buying momentum picks up, it might propel the price past $3.27, bringing it 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!👍
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