โข Grayscale Investments submitted a request for a spot $XRP exchange-traded fund ETF to the New York Stock Exchange NYSE on January 30, 2025.
โข This could enhance liquidity and provide easier access for traders wanting to hold #xrp without dealing with custody issues.
โข With this application, Grayscale joins the ranks of six other asset managers who have sought approval for an XRP ETF.
โข This filing follows their recent applications for Litecoin and Solana ETFs.
โข By submitting the 19b-4 form, Grayscale plans to turn its existing XRP trust into an ETF for trading on the NYSE.
โข The XRP trust, started last year, currently oversees around $16 million.
โข Grayscale's push for a spot XRP ETF comes as the crypto sector sees a surge in ETF applications, particularly after Donald Trump's inauguration and Gary Gensler's resignation from the SEC.
โข Additionally, it's worth noting that Grayscale has previously achieved success with a Bitcoin Miners ETF.
Market Update of the past 24 hours:๐๐๐
โข $XRP is presently priced at $3.076, experiencing a minor decline of - 0.75% over the past day. It dipped to a low of $3.05 but swiftly bounced back to $3.07 and then to $3.08. If #XRPArmy can maintain stability above the $3.09 to $3.10 range, thereโs potential for it to climb to $3.20 or more.๐
โข The trading volume in USDT over the last 24 hours has dropped to 520 million, likely due to the approaching weekend.๐ง
โข All-Time High: $ 3.40 on the 16th of January 2025.๐
Crypto analysts and influencers have put various forecasts regarding the future price of XRP:๐ค
โข By 2025, some estimates indicate that the price could reach as high as $6.78.
โข Moving to 2028, experts predict that XRP may stabilize at about $3.65.
โข For 2029, the average price is projected to increase to roughly $7.30.
โข It's crucial to keep in mind that these predictions are speculative, relying on various technical analysis methods rather than being swayed by news or market hype.
๐คTrading advice: If you're thinking about making a purchase for a short-term or a long-term trade, it's wise to keep a close eye on the market. Pay attention to the 1h and 15m charts, along with the 24h volume, MACD, and RSI. Observing these indicators for a period of 1-4 hours for short-term trading and to 2-3 days for long-term trading can help you lock in a better price.๐
๐จAttention: Please keep in mind that cryptocurrency investments and trades always come with risks, and market conditions can change quickly! If you enjoyed the article/post, it is greatly appreciated if you would share your thoughts in the comments, give it a like and please follow for more insights, research, analysis, and trends related to cryptocurrencies. Wishing you all lots of success for the CryptoTrends2025!๐ค๐
Uncover more facts and details available for you here:
โข R.I.P. RippleXRP file! SEC has removed file from the website! The end of the Legal Dispute?
โข REX Shares has applied application for XRP ETF
#Xrp๐ฅ๐ฅ #XRPGoal #XRPPredictions
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