The #CryptoNewss for the XRPArmy - Here’s the key information for you! 🔑
→ MEMX, a securities exchange located in the U.S., has filed a request with the Securities and Exchange Commission (SEC) to gain approval for an #XRP exchange-traded fund (ETF). This proposed ETF is designed as a “Commodity-Based Trust,” similar to the structures already in place for Bitcoin and Ethereum ETFs. In contrast to Grayscale, which aims to transition its XRP Trust into an ETF. 👍
→ On February 10, 2025, the Memx Exchange application was formally filed with the SEC. This filing follows the SEC's recent acknowledgment of a comparable proposal from Grayscale Investments to include an XRP ETF in its expanding portfolio of crypto-related funds. 👍
→ Polymarket data indicates a 78% likelihood of XRP ETF approval occurring soon. 👍
→ This situation underscores the growing interest from institutional investors eager to engage with the market through regulated investment options. 💪
🤓What exactly is Memx Exchange? Here’s an interesting summary!
→ MEMX, short for Members Exchange, is a member-owned and technology-driven exchange operator established in 2019 by a consortium of nine leading financial organizations, including Bank of America Merrill Lynch, Charles Schwab, Citadel Securities, E*TRADE, Fidelity Investments, Morgan Stanley, TD Ameritrade, UBS, and Virtu Financial. ✅
→ The exchange was created to enhance competition, improve operational transparency, reduce fixed costs, and simplify equity trading in the U.S. ✅
→ MEMX launched its equities trading platform on September 21, 2020, initially listing seven symbols and expanding to all National Market System (NMS) listings by September 29, 2020. ✅
📊Reviewing Monthly Cycles from Previous Years!
→ In history, February has not been a great month for XRP. It doesn't attract attention like other months do. Some years have seen good results, but many have ended in losses. 🤔
→ This report looks at how XRP performs each month over the years, comparing each month to the one before to find any repeating patterns. ✅
→ XRP in 2023,
📈 January increase of +20%.
📉 February decline of -7%.
📈 March increase of +43%.
→ XRP in 2024,
📉 January decline of -18%.
📈 February increase of +17%.
📈 March increase of +7%.
→ XRP for 2025,
📈 January increase of +46%.
📉 February decline of -20%.
📈 March has consistently proven to be a strong month for XRP, showcasing many important upward movements: 💪
📈 In 2021, +37%. ✅
📈 In 2022, +4%. ✅
📈 In 2023, +43%. ✅
📈 In 2024, +7%. ✅
→ Conclusion: Predictions for XRPs in March 2025 are optimistic for swing and mid-term trading. Past data shows that this month usually sees significant price rises. ✅📈🚀
📊Price Predictions of XRP for this week:
→ In a Bullish Trend Scenario, if $XRP successfully breaks through the $2.85 resistance, it could rally towards $3.00 and possibly even reach $3.40, provided the upward momentum remains strong. 📈🚀💥
→ In a Consolidation Trend Scenario, should $XRP find it difficult to surpass the $2.80 mark, it may remain stuck between $2.55 and $2.80, waiting for a trigger to spark movement. This could happen if profit-taking becomes more prevalent or if the overall market sentiment turns sour. 📊✅
→ In a Bearish Trend Scenario, a drop below $2.50 could lead XRP to test lower support levels around $2.40 or even $2.00. However, this outcome seems unlikely given the current positive indicators. 📉🧐
Let’s keep a close eye on XRP this week to determine whether it can maintain its upward trajectory or if it might encounter a setback! 🧐👍
🤓Uncover More Facts and Details about XRP ETFs available for you here: 👍
→ Grayscale, Billion Dollar Giant has filed the application for XRP ETF!
→ SEC Acknowledges Grayscale XRP ETF!
→ 21Shares applied for XRP ETF!
→ SEC Acknowledges 21Shares XRP ETF!
→ RexShares applied for XRP ETF!
→ CoinShares applied for XRP ETF!
→ Wisdom Tree applied for XRP ETF!
→ Canary Capital applied for XRP ETF!
→ Bitwise was the Pioneer in filing for XRP ETF! Is Bitwise the 1st one to get ETF approval?
🤓For ALL the Newbies → The ALL-IN-ONE HANDBOOK for BEGINNERS! 👍
🚨Attention: Please keep in mind that cryptocurrency investments and trades always come with risks, and market conditions can change quickly! 👍
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#XRPPredictions #XRPGoal #XRPRealityCheck