➢ A significant development in the cryptocurrency sector comes from 21Shares, a prominent investment firm, which has filed an application with the US Securities and Exchange Commission (SEC) to introduce a spot #XRP Exchange-Traded Fund (ETF)!🤑
➢ The application, submitted on November 1, 2024, is for the 21Shares Core XRP Trust, aimed at giving investors the opportunity to engage with XRP through regular brokerage accounts.🤝
🤓Wondering who 21SHARES is? Here’s a quick overview?
➢ 21Shares is a top cryptocurrency investment company that focuses on developing exchange-traded products and funds. This allows investors to access digital assets such as #Bitcoin ( BTC ) and #Ethereum ( ETH ) using regular brokerage accounts.✅
➢ Established in July 2018 by Hany Rashwan and Ophelia Snyder, 21Shares seeks to make cryptocurrency investing easier for more people.✅
➢ In September 2022, its parent company, 21.co, secured $25 million in funding from the London hedge fund Marshall Wace, increasing the company's value to $2 billion.💰
📊Market Update of February 2025 in XRP/USDT:
➢ $XRP has had some notable swings recently! It opened February at $3.05 but soon dropped to $1.77. Then, it made a surprising rise to $2.78. Currently, it seems to be picking up pace again, sitting at $2.42 and trending upwards.📊
➢ XRP is bouncing back nicely after reaching recent lows, thanks to strong buying activity. As the price will rise, traders should watch for potential breakout chances.📈
➢ In the past 24 hours, USDT trading volume reached $450 million, down from $1.03 billion the day before.✅
📊Crypto Experts & Influencers provided a range of forecasts for the future price of XRP:
➢ By early 2025, XRP's market cap hit an impressive $137 billion, making it the fourth-largest cryptocurrency. This rise is mainly due to more banks and financial institutions using XRP, which Brad Garlinghouse sees as strong proof of its value in real-world payment systems.💪
➢ Analysts have different views on XRP's price for 2025. Some believe it could hit between $3 and $6 due to better regulations and solid technical signs. Others predict an average price of $2.45, with a peak of $4.11, considering a supportive U.S. government that is crypto-friendly.📊
➢ Binance`s Analysis says that if more people start taking profits, XRP might fall to $2.13. But if buying picks up, the price could go over $3.27, getting closer to its high of $3.41.📈
➢ EGRAG Crypto's technical insights suggest that XRP might be on the brink of achieving a new high, potentially around $4.40, in the current market cycle.🚀
➢ Ryan Lee, an Analyst at Bitget Research, expects average estimates to fall between $1.80 and $8.40, with some scenarios possibly surpassing $10.🧐
➢ While the predictions lean towards optimism, Binance's forecast is notably the most grounded choice among them!✅📈🚀
📊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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