Global crypto investment products added another $3.7 billion to a net inflow streak that has now reached 13 consecutive weeks.
The SEC approved on an "accelerated basis" an exchange-traded fund that looks to convert the Grayscale Digital Large Cap Fund LLC.
Meanwhile, K33 launched a new share issuance plan to raise funds toward its 1,000 BTC treasury accumulation target.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
Bloomberg analyst James Seyffart previously said it is likely that the SEC will approve the the filed crypto ETF proposals in Q4.
The SEC pushed back deadlines for a few proposals on whether to approve exchange-traded funds tracking XRP and Dogecoin.
The XRP price is at a make-or-break moment as it struggles to hold a critical technical level as it navigates broader market uncertainty. In a recent report, a crypto analyst issued a stark warning for XRP holders, highlighting that the cryptocurrency risks crashing to $1.9 if it fails to clear a key price level. XRP Price Risks Falling To $1.9 According to an analysis presented by crypto analyst ’Dom’ on X (formerly Twitter), the XRP price could be gearing up for a major crash soon. The analyst revealed that the cryptocurrency has recently tested the apex of a 100-day descending trendline—a zone that also coincided with the election Volume Weighted Average Price (VWAP) and the monthly rolling VWAP. Related Reading: XRP Price To $1.5 Or $4? The Bull And Bear Case Revealed This convergence of technical indicators has become a critical battle station between bulls and bears. While buyers attempt to halt any further declines and push the XRP price higher, the rejection at this apex signals weakness and raises the risk of a downside move. The analyst’s chart shows that XRP’s price is struggling to stay above a mid-range support level, visually marked by a horizontal grey box between $2.05 and $2.1. Failure to clear this area could trigger a significant decline toward $1.9, which Dom has identified as the next key support area. On the flip side, a break above $2.12, where multiple VWAPs are stacked, would signal an immediate bullish reversal and potentially mark the beginning of a new upward trend. Dom has also stressed the urgency of XRP regaining the $2.12 level. If bulls fail to do so, the cryptocurrency’s structure remains vulnerable and could correct downwards at any moment. As the XRP price currently sits at $2.3, the analyst has pinpointed a key upside target on his chart. If XRP were to break above its current price, the analyst expects it to move back up to $2.47 — a level that would act as a longer-term dynamic resistance. XRP Must Break $2.3 To Reach $3 In a recent X post, a crypto analyst known as ‘Lord Crypto’ highlighted that XRP is showing signs of a potential breakout as it emerges from oversold territory with multiple bullish catalysts approaching. After weeks of consolidation near the $2.00 support zone, XRP is now testing the resistance level at $2.30. Related Reading: XRP Price To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3 Technical indicators and market trends appear to be favoring bulls. The Stochastic Relative Strength Index (RSI) shown on the price chart has reversed upward from oversold zones, indicating possible renewed buying pressure. The analyst has also pointed to the possibility of an XRP ETF approval as a bullish catalyst. Additionally, he highlighted Ripple’s victory over the US SEC, which brings an end to the lawsuit that has lasted over four years. Notably, a close and sustained trading above the $2.30 level could allow XRP to target higher resistance levels around $2.52 and $2.91. Once this happens, the XRP price could even reclaim past highs above $3. Featured image from Getty Images, chart from Tradingview.com
A major accumulation trend is currently ongoing for XRP, with crypto whales actively adding to their positions. This provides a bullish outlook for the altcoin, considering it could break out from its current range following this accumulation phase. XRP Whales On The Rise In an X post, crypto analyst Kyle revealed that over 300,000 addresses now hold 10,000 XRP, a development which he noted screams rising confidence from whales and large holders. The analyst added that a strategic accumulation looks to be back and raised the possibility of the big players trying to front-run a major move in the XRP ecosystem. Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? This major move could be the launch of an XRP ETF or the conclusion of the Ripple SEC lawsuit. An XRP ETF has a 90% chance of approval by the SEC this year. The launch of this fund could spark a surge in the token’s price, considering how it would drive more capital into its ecosystem. Meanwhile, the conclusion of the Ripple SEC lawsuit would also be a major development in the XRP ecosystem, as both parties have already reached an agreement. However, the court still needs to rule on the agreement before the lawsuit can be considered done and dusted. The end of the lawsuit would provide clarity and could spark a significant surge in price. Crypto analyst Ali Martinez also confirmed the accumulation trend among these whales. In an X post, he revealed that wallets holding between 10 million and 100 million XRP have bought around 900 million XRP over the past month. Amid this accumulation trend, traders are also leaning bullish towards the asset. In another post, he stated that 71.54% of traders on Binance futures with open XRP positions are leaning bullish. What’s Next For The Altcoin? In an X post, crypto analyst Dark Defender discussed the current XRP price action and provided insights into what is next for the altcoin. He noted that XRP found resistance between $2.2 and $2.36 and dropped to $2.13 again. In line with this, the analyst remarked that the altcoin is getting ready to finish the correction and is on to the last bit. Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The analyst projects an incoming surge with five waves. He predicts that the initial wave will send the XRP towards $3, and then the altcoin will reach $4.4 and $6.3 on Waves 3 and 5, respectively. A rally to $4.4 would mark a new all-time high (ATH) for the token. Meanwhile, Dark Defender stated that $1.88 is the support level to keep an eye on. At the time of writing, the XRP price is trading at around $2.12, down 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The XRP ETFs have become one of the most anticipated filings in the crypto space, with over 10 already crossing the desk of the Securities and Exchange Commission (SEC). While expectations were that the regulator would approve XRP ETFs for trading at the start of May, the decision has been postponed once again. What this has done is increase expectations for these exchange-traded funds, with most of the market patiently waiting for when the green light will come. Why Investors Are Anticipating XRP ETFs There are numerous reasons for why investors are anticipating the XRP ETFs. Some of these include easier access to investing in the altcoin by institutions without them having to buy XRP directly, as well as increased demand as the cryptocurrency goes mainstream. All of this is expected to culminate in the rising value of the token and possibly be the catalyst that helps the XRP price break toward a new all-time high. Related Reading: Dogecoin Price Poised For Breakout Amid Accumulation, Here’s The Target Dan Tapiero, the founder of 10T Holdings, a US-based equity firm, has also come forward to explain why the XRP ETFs are being anticipated. In an interview with CoinDesk, the founder starts out by lauding XRP’s resilience so far, as it has managed to survive over the years. The altcoin has been through low market participation due to the SEC’s lawsuit spanning over four years, and has managed to come out and maintain its position as one of the most valuable cryptocurrencies. Speaking about the crypto firm itself, Ripple, Tapiero explains that it has managed to turn itself into a conglomerate of assets in the ecosystem. Given this, the private equity founder believes that “there’s value there”, and as such, there are investors who are anticipating the launch of the XRP ETFs. Another reason why these XRP ETFs are being anticipated is because “it’s made in America now.” This refers to the inclusion of XRP in Donald Trump’s strategic crypto reserve, alongside the likes of Bitcoin, Ethereum, Solana, and Cardano. Additionally, Ripple’s founder, Brad Garlinghouse, continues to work with President Donald Trump, feeding the narrative of XRP being “Made in America.” Pushing The XRP Price To New Highs The launch of the XRP ETFs is expected to be incredibly bullish for the XRP price, and the basis of this has been the reaction of BTC and ETH to the launch of the Spot Bitcoin and Ethereum ETFs. Before the launch of the Spot Bitcoin ETFs, the BTC price was trading below $50,000. However, in the months following the approval, Bitcoin rose by more than 100% to reach new all-time highs above $100,000. Related Reading: Ethereum CrossX Indicators Flashes Buy As Insitution Accumulates, Analyst Says Brace For $4,000 If the XRP ETFs are approved this year and follow this pattern, then it is expected that the XRP price will cross $4 this year, beating its 2017 high of $3.8. The influx of institutional funds would make an impact, especially given Ripple’s mission to make XRP the digital asset of choice for institutions and banks. Featured image from Dall.E, chart from TradingView.com
The XRP price continues to hold support above $2, which now serves as an important level for bulls. This continues as bullish sentiment is the order of the day, and the sellers seem to have run out of steam across the crypto market. With these developments, expectations for the XRP price have shot up significantly. Most especially among crypto analysts, who continue to predict that the altcoin is set for great things and could reach double-digits this bull cycle. XRP Price Still On Track For Mega Candle Crypto analyst Egrag Crypto has been very vocal on X (formerly Twitter) about the bullishness of XRP. The analyst has become known for calling the XRP price increase for months before the impressive 2024 rally. Even as that rally has cooled off and the altcoin is now struggling at support, the crypto analyst has not deviated. Rather, he continues to call out that the cryptocurrency is still quite bullish, which he expects to hit double-digits at some point. Related Reading: CMT-Verified Analyst Reveals When To Buy Bitcoin As Heikin Ashi Candle Turns Bearish In a recent post, the crypto analyst explained that the XRP price is still on track to move upward. In what he calls the ‘blue ocean’, Egrag Crypto points out that investors are now “swimming with sharks”. In this case, XRP is being gobbled up at a rapid pace, which could set it on a path to see rapid recoveries. With the positive sentiment rising, the crypto analyst sees the XRP price exploding soon. He explains that a mega green candle is on the way, and this could drive the price finally above double-digits. In this blue ocean, Egrag Crypto sets three price targets. The first is $9.5, and then moving further into $17. Last but not least is the $27 target, something that the crypto analyst has continuously predicted for over a year now. Currently, the XRP price is still trading just above the $2 support, so this means that it has a long way to go before it hits the analyst’s targets. The expectation of XRP ETFs being launched has also been put forward by many in the community as a potential factor that could trigger a rise in the XRP price. Related Reading: Crypto Analyst Reveals XRP Price Crash In The Short-Term, Here’s The Target Previously, there had been rumors that the ProShares XRP ETFs would launch on April 30. However, Bloomberg’s ETF expert James Seyffart has said that there are no plans to launch on this date, and there is no specified date yet. Nevertheless, the fund is expected to launch its XRP ETFs in the short to medium term, and this is expected to be a catalyst for an XRP price increase. c
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Digital assets are becoming an emerging safe haven amid concerns over the impact of U.S. tariffs, Head of Research James Butterfill said.
The first XRP futures ETF launched earlier this month, though approval of a spot XRP ETF has yet to come from the SEC.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Sentiment toward the asset class remains mixed but is showing "signs of recovery," Head of Research James Butterfill said.
Ripple will be seeding the initial investment as its anchor investor, according to a release shared exclusively with The Block.
XRP remains one of the most popular coins in the market, with a cult-like community that has supported it for years. With the bullish sentiment surrounding it, the altcoin has performed quite well and continues to inspire support. The most recent developments for XRP have been the ETF filings that suggest it might be the next altcoin to get an SEC nod after Ethereum. The number of filings also puts it well ahead of investor favorites such as Solana and Dogecoin in the running for the next ETF approval. XRP ETF Filings Climb To 10 XRP ETF filings have been coming out of the market over the past year, especially with the approvals of Ethereum Spot ETFs. These ETFs are expected to give institutional investors an official vehicle to get proper exposure to the market. As Bitcoin and Ethereum ETFs have been done and dusted, issuers have looked to other large cap altcoins to bring into the market. Related Reading: Analyst Who Called Dogecoin Price Rally In 2024 Predicts 300% Rally In April The next favorites on the list have been XRP, in addition to heavy hitters such as Solana, Dogecoin, and Litecoin. However, in the race, XRP has clearly differentiated itself in terms of interest, boasting twice as many filings as any other altcoin. According to data from Kaito Research, there are currently 10 XRP ETF filings pending approval or rejection from the SEC. In contrast, there are five Solana ETF filings, 3 Litecoin filing, and 3 Dogecoin filings. This shows clearly that interest in XRP as the next altcoin to gain ETF approval is the highest. Additionally, the SEC has acknowledged the XRP ETF filings from industry leaders such as Grayscale. There are also filings from ProShares, Franklin Templeton, Bitwise, 21Shares, among others. However, BlackRock has not made a move to file for an XRP ETF despite leading the Bitcoin and Ethereum ETF campaigns. Nevertheless, the filings for XRP ETFs remain a big deal for the altcoinm and their approval could trigger another wave of price hikes. ETFs And The SEC Battle Conclusion For many, the major hindrance to an SEC approval of an XRP ETF was the ongoing battle between the crypto firm and the regulator, which began in 2020. However, in March 2025, Ripple CEO Brad Garlinghouse announced that the case was officially over. Related Reading: Is The XRP Price Mirroring Bitcoin’s Macro Action? Analyst Maps Out How It Could Get To $71 With this development, expectations that the regulator will look favorably upon an XRP ETF are high. If the ETFs are approved, even with a fraction of the Bitcoin ETF volumes, the XRP price is expected to explode in response, with some analysts predicting that the altcoin’s price could rise to the double-digits. Featured image from Dall.E, chart from TradingView.com
May 22 is the next important date to watch as the SEC must respond to Grayscale's spot XRP ETF filing by then.
Teucrium’s newly launched 2x XRP ETF on the New York Stocks Exchange recorded $5.43 million in turnover during its first day of trading on April 8, despite XRP prices hitting a five-month low. The ETF, trading under the ticker XXRP, achieved this milestone as cryptocurrency markets faced widespread selling pressure. Bloomberg Senior ETF Analyst Eric Balchunas called the performance “very respectable” given the current bearish market conditions. Related Reading: XRP Will Explode—And This Korean Expert Says He’ll Be ‘Laughing’ At Critics XRP Price Hits Five-Month Low As New ETF Launches According to market data, XRP’s price dropped to $1.61 on Monday, marking its lowest point in five months. The price briefly recovered to over $1.87 on Tuesday before falling again to $1.69 by evening. Even with these unstable price movements, Teucrium moved forward with its ETF launch, aiming to give investors a way to profit from price swings in either direction. $XXRP (2x XRP ETF) saw $5mil in volume on Day One, very respectable, esp considering the mkt conditions. That puts it in approx top 5% of new ETF launches, and about 4x what the 2x Solana ETF $SOLT did (altho both 200x less than King IBIT). pic.twitter.com/u3QQq5yuHv — Eric Balchunas (@EricBalchunas) April 8, 2025 New XRP ETF Outperforms Similar Solana Product Based on reports from Bloomberg’s Balchunas, the XXRP ETF’s first-day trading volume was about four times higher than what Solana’s similar 2x ETF saw on its launch day. This performance puts Teucrium’s product in the top 5% of all new ETF launches. However, the $5.43 million figure still pales in comparison to BlackRock’s Bitcoin ETF debut, which saw trading volume roughly 200 times larger. Community Shows Interest Despite Broad Market Losses The altcoin community has responded positively to the ETF launch, especially considering the harsh market conditions. Data shows that 137,000 traders faced liquidations in the 24 hours surrounding the launch, with total losses exceeding $413 million across cryptocurrency markets. Some XRP supporters have suggested that while XXRP’s volume was much smaller than BlackRock’s Bitcoin ETF (IBIT), a potential spot ETF (which some have dubbed “IXRP”) could provide stronger competition. How The 2x XRP ETF Works And Its Risks Unlike spot ETFs that directly hold the underlying asset, Teucrium’s XXRP does not invest directly in XRP tokens. Instead, it’s designed to deliver twice the daily performance of XRP’s price movements, which amplifies both gains and losses for investors. Related Reading: XRP Dump? Not So Fast—Software Engineer Says Panic Selling Makes No Sense Community figure Crypto Eri warned about the ETF’s built-in risk factors, noting that even if XRP’s price stays flat, volatility alone could cause significant losses. For example, if XRP experiences 25% volatility, XXRP holders could see a 6% loss. With 70% volatility, those losses could balloon to 40%. The launch comes as more than 10 asset managers have filed applications with the SEC for spot XRP ETFs. Major firms like Grayscale and Franklin Templeton have submitted applications, though BlackRock has not yet expressed interest in launching an XRP-specific ETF product. Featured image from Unsplash, chart from TradingView
Teucrium Investment Advisors' XXRP is a 2x leveraged fund on XRP's daily price performance, set to go live Tuesday on NYSE Arca.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Global crypto investment products saw further net outflows of $1.7 billion last week, according to asset manager CoinShares.
The SEC delayed taking the next steps on several filings this week, but experts say this is 'no surprise' until the new chair is in place.
Bloomberg analysts recently estimated Litecoin ETFs have the highest chance of approval, followed by Dogecoin and Solana products.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Brazil’s Securities and Exchange Commission gave the greenlight to the Hashdex Nasdaq XRP Index Fund, currently in a pre-operational phase.
The U.S. SEC is looking for public comments to decide how to move forward with a proposal for an XRP exchange-traded fund.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bloomberg ETF analysts estimate that Litecoin funds (90%) have the highest chance of approval, with XRP funds a bit lower at 65%.