XRP News Today: SEC Greenlights XRP ETFs, Driving $587M Inflows and Anticipating a Surge to $10
- SEC-approved XRP ETFs from Bitwise, 21Shares, and others inject $587M in inflows, signaling institutional adoption and regulatory legitimacy. - ETFs with fees as low as 0.19% and waived charges aim to boost liquidity, outpacing Solana's ETFs and attracting $6.12B in 24-hour trading volume. - Technical analysis highlights XRP's retesting of $2 support and growing on-chain activity, suggesting potential for a $10 rally amid Bitcoin's declining dominance. - Risks include whale-driven volatility and SEC conc
The
The regulatory approval has also changed the narrative around XRP. The SEC’s acceptance of Form 8-A for these funds represents a pivotal moment for the asset’s credibility, especially after years of legal ambiguity. This newfound clarity, along with the SEC’s faster review process following the government’s reopening, has sped up XRP’s adoption in traditional finance.
Technical indicators further support a bullish scenario. XRP’s price has recently tested a crucial support zone near $2, which previously acted as resistance during the 2021 bull run, drawing parallels to its 2017 performance.
The growing XRP ETF market also faces obstacles, including worries about potential market manipulation. The asset’s concentration among large holders, or “whales,” increases the risk of price swings.
Still, a lasting breakout for XRP depends on broader market trends. Bitcoin’s dominance is currently in the mid-50% range, but
On-chain metrics continue to highlight XRP’s increasing popularity among institutional and crypto-native investors. As more ETFs are introduced and trading volumes climb, momentum is likely to persist—especially if macroeconomic factors favor risk assets and the SEC maintains a supportive approach to digital currencies. In the long run, XRP’s outlook appears to be in step with the broader mainstream adoption of cryptocurrencies, with ETFs acting as a vital link between traditional and digital finance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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