BTC is flat, trading above $61,100, while ETH is down 4% and trading at $2,390. Crypto markets took a hit from Tuesday night after Irani airstrikes on Israel, which the latter has vowed to retaliate, in a move that has dented a rally in risk assets, including bitcoin. Original
XRP price extended losses and tested the $0.5240 support level. The price is now consolidating and might struggle to start a fresh increase. XRP price declined further below the $0.5850 zone. The price is now trading below $0.580 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could struggle to recover above the $0.5950 and $0.600 resistance levels. XRP Price Dips 5% XRP price extended its decline…
Este artículo también está disponible en español. Crypto asset manager Bitwise has made a significant move by submitting an initial registration statement to the US Securities and Exchange Commission (SEC) on Wednesday for its spot XRP ETF. This action confirms the authenticity of its filing on September 30, following widespread speculation regarding the development. XRP ETF Applications Gain Momentum Despite this initial step, the road to approval is fraught with challenges. No XRP ETF is guaranteed to meet the SEC’s regulatory standards. Related Reading Recent reports indicate that applications for…
In a significant move that could reshape the regulatory landscape for XRP and blockchain payments company Ripple, the US Securities and Exchange Commission (SEC) announced on Wednesday that it is appealing the court ruling limiting its authority over crypto markets. The appeal targets a July 2023 decision by US District Judge Analisa Torres, which determined that the XRP token, sold by Ripple Labs on public exchanges, does not qualify as a security under existing laws. SEC Appeals Court Ruling On XRP The implications of this ruling are substantial. Judge Torres…
Este artículo también está disponible en español. Thanks to a bullish prediction by analyst EGRAG Crypto, XRP is now causing ripples in the crypto market again. He has recently done an analysis that shows the token is approaching a critical juncture. In the short term, prices may increase more than $1.50 if it can surpass the Genuine Wake-Up Line (GWUL). Related Reading Traders pay attention to the significant resistance levels of XRP since it displays the price pattern of the cryptocurrency. By the first of November in 2024, CoinCodex anticipates…
Whether prices rebound or tumble lower may depend on bitcoin’s ongoing retest of its “Bull Market Support Band,” a key trend indicator defined by the asset’s 20-week simple moving average (SMA) and a 21-week exponential moving average (EMA). The band often served as support for prices during previous uptrends, and currently ranges between $61,100 and $62,900. A bounce from the band would reinvigorate the uptrend from the September lows to target, but a decisive break below could undo all the recovery, with many more weeks chopping below $60,000. Source CryptoX…
The potential return of Donald Trump to the presidency could substantially impact the approval of cryptocurrency exchange-traded funds (ETFs), particularly for XRP and Solana. The regulatory environment for these digital assets, which have been criticized for quite some time now, may be more favorable as a result of the Trump administration, according to Bloomberg analyst Eric Balchunas. Trump: Impact On Crypto Trump’s policies have generated considerable speculation regarding their potential impact on the cryptocurrency market. It is possible that the manner in which regulators perceive cryptocurrencies may change if he…
While the submission of an S-1 filing is the first step in introducing a fund, the document is basically meaningless if it isn’t followed by another filing, called the 19b-4, which is required to signal a requisite rule change at the stock exchange seeking to list the investment Source
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Wealth manager Bitwise has registered a Delaware Trust for a fund that would track Ripple’s native cryptocurrency, XRP. Bitwise, a Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund issuer has filed for an XRP (XRP) ETF in the state of Delaware as the firm looks to expand its crypto offerings. The next step for a potential Bitwise XRP trust would likely involve a registration application with the U.S. Securities and Exchange Commission. Considering previous crypto ETF bids, Bitwise may be heading toward a lengthy regulatory process involving a proposed rule change…