➢ WisdomTree, a well-known asset management firm, has officially filed a Form S-1 registration statement with the US Securities and Exchange Commission (SEC) to establish a spot #XRP exchange-traded fund (ETF).🤑
➢ The fund, named the WisdomTree XRP Fund, is intended to give investors exposure to the price movements of XRP through shares listed on the Cboe BZX Exchange.📊
➢ The Bank of New York Mellon is set to serve as the trustee, fund accountant, and transfer agent for the trust, pending SEC approval.💰
🤓For anyone unfamiliar with Wisdom Tree, who are they?
➢ WisdomTree was established in 1985 by CEO Jonathan Steinberg and is based in New York City. The company introduced its first ETFs in June 2006 and has grown to be a major player in the U.S. market. By January 2024, WisdomTree oversees around $100 billion in assets worldwide.🤓
📊Market Update in XRP/USDT:
➢ Recently, $XRP has gone through some significant fluctuations! It kicked off February at $3.05 but quickly fell to $1.77. In a surprising comeback, it climbed back up to $2.78. Now, it looks like it’s picking up speed again, with its current price at $2.42 and trending positively.📊
➢ After touching recent lows, XRP is making a solid recovery, thanks to significant buying interest. With the price on the rise, traders should keep an eye out for potential breakout chances.📈
➢ The trading volume in USDT for the past 24 hours is $450 million, a notable fall from yesterday's $1.03 Billion.💰
📊Crypto Experts and Influencers provided a range of forecasts for the future price of XRP:
➢ At the start of 2025, XRP's market cap reached an impressive $137 billion, ranking it as the fourth-largest cryptocurrency. This growth is primarily driven by its increasing adoption among banks and financial institutions, which Brad Garlinghouse views as a powerful validation of XRP's effectiveness in real-world payment solutions.💪
➢ There are various predictions from analysts about XRP's price in 2025. Some see it potentially reaching $3 to $5, thanks to clearer regulations and strong technical indicators. Others suggest a typical price of $2.45, with a possible high of $4.11, factoring in Ripple's RLUSD stablecoin launch and a U.S. administration that favors crypto.📊
➢ #Binance reports that a rise in profit-taking could lead XRP to drop to $2.13. However, if there’s a boost in buying momentum, the price could potentially exceed $3.27, moving closer to its peak of $3.41.📈
➢ EGRAG Crypto's technical analysis suggests that XRP may be on the verge of hitting a new high around $4.40 in this market cycle.🚀
➢ Ryan Lee, an Analyst at Bitget Research, anticipates average projections ranging from $1.80 to $8.40, with certain scenarios potentially exceeding $10.🧐
➢ While the predictions are generally optimistic, Binance's forecast stands out as the most realistic choice available!📈🚀
📊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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➢ Billion Dollar Giant GRAYSCALE applies for XRP ETF! Market Update and Prediction!
➢ CANARY CAPITAL in filing for XRP ETF! Market Update and Prediction!
➢ The ALL-IN-ONE HANDBOOK for BEGINNERS! This is a Must-read for Newbies!