#اخبار_الكريبتو_العاجلة #عملات_رقمية #اقتصاد_رقمي #wct $XRP
The price of Ripple rose by 3.6% to reach $2.31
USD, breaking through the resistance level at $2.28, with strong trading volume.
The revised XRP exchange-traded fund (ETF) from Canary Capital is approaching a review by the U.S. Securities and Exchange Commission (SEC).
The XRP currency saw a notable performance on Saturday, rising by 3.6% to reach $2.31, outperforming Bitcoin and Ethereum during that period. Its price surpassed the short-term resistance level at $2.28, with trading volume exceeding 86%, marking the largest daily move for XRP in over a week. This movement came amid increasing institutional developments and heightened network activity on the blockchain.
The requests for exchange-traded funds (ETFs) enter a critical review phase.
The Canari Capital Group has submitted a revised prospectus for its exchange-traded fund dedicated to Ripple (XRP), bringing the product one step closer to approval from the U.S. Securities and Exchange Commission. The fund will be traded on the Nasdaq under the ticker XRPC, with custody services provided by Gemini Trust and BitGo Trust to ensure safety.
This change comes after 21Shares submitted a similar application, officially triggering a statutory timeline that legally requires the U.S. Securities and Exchange Commission (SEC) to make its first decision on Ripple-based funds. Eric Balchunas, a Bloomberg analyst, described this moment as highly significant, linking it to the SEC's approval of Bitcoin and Ethereum products. These announcements signal broader institutional interest in exposure to alternative digital assets beyond these two familiar assets.
The Ripple system has seen significant growth, with 21,595 new wallets created in just 48 hours, marking the largest increase in 48 hours in 8 months of activity. Technical indicators have turned bullish, as XRP hit its lowest levels during the unification day on Saturday, with buyers entering every time the price approaches the support level of $2.30. However, around 900,000 XRP coins entered trading platforms over 5 days, indicating that some traders may have taken profits at this level.
Market participants can now monitor the situation to see if XRP will significantly maintain its positions above the $2.30 level. If the price exceeds $2.35, it will have a chance to build momentum towards $2.80. As the year comes to a close, ETF approvals remain the main catalyst for any near-term price movement.$BNB
