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Ripple Case and XRP-Spot ETFs in Focus On Thursday, February 20, XRP dropped by 1.75%, partially reversing Wednesday’s 6.90% rally to close at $2.6901. XRP trailed the broader crypto market, which advanced by 1.52%, taking the total market cap to $3.18 trillion. Uncertainty over the SEC’s appeal strategy in the Ripple case weighed on XRP’s performance. Looking ahead, Ripple case-related updates and US XRP-spot ETF market developments remain the key price drivers. XRP Price Scenarios: Bullish Case: If the SEC withdraws its appeal, XRP could break past its all-time high of $3.5505. ETF Catalyst: An XRP-spot ETF approval could push prices toward $5, driven by institutional inflows. Bearish Case: A continued SEC appeal and an ETF rejection could send XRP below $1.50. $XRP #VIRTUALWhale
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Bitcoin Eyes $100K Return on Strategy (formerly MicroStrategy) News While investors monitor SEC activity and Ripple case-related news, bitcoin (BTC) is eying a return to $100K. On Wednesday, February 19, Strategy (formerly MicroStrategy) Chairman and Founder Michael Saylor announced a $2 billion public offering of convertible senior notes. The announcement comes at a pivotal time for BTC, which has failed to break above $100k for twelve consecutive sessions. Supply-demand trends have recently shifted as investors await fresh catalysts to influence BTC price action. $BTC #TradeFiRevolution
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