๐จ Breaking News: XRP Set to Skyrocket to $4.80 Amid Japan ETF Launch & South Koreaโs Crypto Greenlight! ๐
XRP is trading steadily around $3 ๐ต as investors await a crucial SEC decision ๐๏ธ on Rippleโs appeal withdrawal. If the decision is favorable โ , XRP could break through resistance at $3.30 and head towards $3.50 ๐. Technical indicators like MACD suggest bullish momentum ๐, potentially pushing XRP as high as $4.80 ๐.
๐ Key Developments:
๐ฏ๐ต Japan: SBI Holdings has filed for the countryโs first Bitcoin/XRP ETF ๐ and plans up to $1B in XRP purchases ๐ฐโa strong vote of institutional confidence.
๐ฐ๐ท South Korea: Regulated custodian BDACS has onboarded XRP ๐ก๏ธ, allowing secure institutional access via exchanges like Upbit and Coinone ๐. This supports Koreaโs goal of launching spot crypto ETFs in H2 2025 ๐๏ธ.
๐บ๐ธ U.S.: Ripple has applied to establish the Ripple National Trust Bank ๐ฆ in New York. It aims to offer institutional liquidity ๐ผ and global settlement using XRP and RLUSD ๐, bypassing traditional systems like ACH and FedWire.
๐ Community Growth: Ripple has launched a new XRP Rewards Event ๐ to drive community engagement and attract long-term holders ๐.
With international regulatory momentum ๐ข and potential SEC relief in the U.S., XRP could see significant gains ๐โpossibly exceeding $4 and reaching $4.80 if bullish trends continue ๐.