XRP News Update: XRP ETFs Near Approval as Institutional Interest Accelerates
- XRP's 21,000 new wallets and $2.40 price level highlight renewed investor interest amid pending U.S. ETF approvals. - Canary Capital and Franklin Templeton's ETF filings could trigger automatic approval by November 2025, offering institutional access to XRP . - Ripple's $2.4B XRP liquidity release and expanded institutional services aim to stabilize markets and boost adoption. - Analysts predict short-term volatility between $2.26-$2.70 but long-term optimism as XRP ETFs mirror Bitcoin/Ethereum's institu
XRP, the cryptocurrency developed by Ripple Labs, has experienced a notable increase in demand, with more than 21,000 new wallets created in just two days. This surge reflects a renewed wave of investor enthusiasm, fueled by expectations surrounding the launch of the first U.S. spot
XRP's value has fluctuated between significant support and resistance points, with the $2.40 mark being closely monitored by traders. Should this level be maintained, analysts suggest a short-term recovery could follow, according to a recent
Ripple's recent initiatives have further strengthened market sentiment. In November, the company released 1 billion XRP (worth $2.4 billion) from escrow accounts, a routine liquidity measure intended to help stabilize prices during periods of selling, according to a
The move toward ETF approvals coincides with rising institutional interest in XRP. Franklin Templeton, a leading global asset manager, has structured the XRP Trust as a regulated, securely held investment vehicle for institutions, signaling a broader trend toward blockchain-based financial solutions (as noted by CryptoTimes). At the same time, Ripple's recent $500 million strategic investment highlights its dedication to growing the XRP ecosystem, as reported by
Opinions among market experts are mixed regarding XRP's near-term prospects. While Bollinger Bands suggest a bearish outlook below $2.47, with support at $2.26, some analysts believe that a move above $2.70 could spark renewed bullish sentiment, according to a
The competition to launch an XRP ETF is reminiscent of the earlier success seen with
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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