- Ripple CEO Brad Garlinghouse responds to speculation regarding the potential introduction of an XRP Exchange Traded Fund (ETF).
- Garlinghouse emphasizes the importance of transparency in cryptocurrency regulations, citing recent developments with the SEC.
- Ripple's XRP has seen a 1.61% rise in the last day, signaling potential movement beyond current resistance levels.

In response to rumors surrounding the potential approval of an XRP spot Exchange Traded Fund (ETF), Ripple CEO Brad Garlinghouse shared his perspective during an interview with Bloomberg Television. Garlinghouse emphasized the need for clearer cryptocurrency regulations while remaining optimistic about the possibility of an XRP ETF launch, drawing parallels to historical market diversification strategies.
Throughout the interview, Garlinghouse expressed optimism regarding the prospects of an XRP ETF approval, citing the recent approval of a Bitcoin spot ETF as a positive indicator. Although he refrained from confirming the rumors, he expressed Ripple's support for such an initiative, foreseeing the inevitability of multiple ETFs covering different tokens.
Garlinghouse took the opportunity to reflect on Ripple's recent legal victory over the Securities and Exchange Commission (SEC), characterizing it as a significant milestone towards transparency in crypto regulations. He criticized the SEC's enforcement-focused approach, stressing the importance of clear industry guidelines.
Highlighting Ripple's legal battles with the SEC, Garlinghouse underscored the courts' consistent rulings against the agency and their affirmation that XRP does not qualify as a security. He expressed hope for regulatory clarity in the future, either through the SEC's recognition or congressional intervention.
Regarding XRP's price movement amidst ETF rumors, Ripple experienced a slight increase in value over the past 24 hours, with bullish trends observed on shorter timeframes. The potential approval of an XRP ETF could further impact price dynamics, with the possibility of a breakout from resistance levels.
In conclusion, Ripple's current price stands at $0.5403, reflecting fluctuations over the past 24 hours and a slight increase over the week. The cryptocurrency market remains highly volatile, and readers are advised to conduct their own research and exercise caution when making financial decisions.

#ripple #XRPPricePrediction #xrpetf #SEC #cryptocurrency
$XRP

Following the fake BlackRock XRP ETF report, Attorney John Deaton provides financial tips to help XRP enthusiasts profit off FOMO.
Read more on: https://thecryptobasic.com/2023/11/18/deaton-gives-financial-advice-after-bogus-blackrock-xrp-etf-report/
#XRPUpdate #xrpetf #Crypto #CryptoNews🔒📰🚫

Larry Fink, the Chief Executive Officer of BlackRock, the world’s largest asset management firm, has commented on the potential for an exchange-traded fund (ETF) involving XRP.
Read more on: https://thecryptobasic.com/2024/01/13/blackrock-ceo-larry-fink-comments-on-prospects-of-an-xrp-etf/
#XRPUnlock #xrpetf #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫

While the U.S. regulatory body has approved a Bitcoin spot exchange-traded fund (ETF), the likelihood of more crypto ETFs like XRP’s remains uncertain. 
Read more on: https://thecryptobasic.com/2024/01/18/uncertainty-surrounds-prospects-of-xrp-etf-heres-why/
#XRPUnlock #xrpetf #cryptocurrecny #CryptoNewsLand #CryptoNews🔒📰🚫

- XRP's substantial $28 billion market capitalization positions it as a viable contender for an ETF.
- Its emphasis on serving financial institutions enhances its suitability for such a product.
- Analysts, including Eleanor Terett, advocate for a futures-based ETF as a prerequisite for a spot XRP ETF's approval.
- Ripple's job listing for an "ETF initiatives" role implies potential preparations for an ETF, despite no official announcements.
- Brad Garlinghouse's reluctance to address the ETF question in Switzerland suggests underlying plans for such a product.

The recent approval of several Bitcoin spot ETFs in early January has ignited speculation within the cryptocurrency community regarding which digital asset might be next in line for ETF listings. While contenders such as Ethereum, Solana, Cardano, and Polkadot have been considered, attention has also turned towards XRP.
XRP possesses the necessary qualifications for a potential ETF, boasting a $28 billion market cap and a design tailored specifically for financial institutions. However, it's crucial to note a significant development in mid-2023, when a US district judge ruled that XRP, amidst a prolonged legal battle between the SEC and Ripple, was determined "not" to be securities.
But could Ripple successfully file for and secure approval for an XRP ETF?
Eleanor Terett, as highlighted in a recent tweet, suggests that the journey towards an XRP ETF may be longer than anticipated. Terett emphasizes the necessity of a futures ETF as a preliminary step, indicating that for XRP to secure a spot-based ETF, it must first obtain approval for a futures-based ETF. Currently, there are no XRP ETF filings on the SEC's desk, suggesting a potentially extended wait for investors.
Adding to the skepticism, Bloomberg ETF analyst James Seyffart views the possibility of an XRP ETF as remote, citing a slim chance of it materializing in the near future.
However, Ripple's recent job listing for a Senior Manager for Business Development raises intriguing questions. Among the responsibilities outlined in the listing is the driving of cryptocurrency-related ETF initiatives, prompting speculation within the crypto community regarding Ripple's intentions.
Ripple CEO Brad Garlinghouse's response to inquiries about a potential Ripple ETF during a January interview further fuels speculation. Garlinghouse, while refraining from providing a definitive answer, hints at the possibility of other ETFs being "on the horizon."
Despite Seyffart's assertion that a futures ETF is not a prerequisite for an XRP spot ETF, the necessity of a regulated market remains a consideration. As was the case with Bitcoin, a regulated market, such as the CME bitcoin futures market, may be crucial for an XRP ETF's approval.
As the cryptocurrency market awaits further developments, XRP continues to face challenges in terms of price performance. Recent data indicates stagnation and a slight dip in XRP's price, amidst volatility. Technical analysis suggests potential scenarios for XRP's price movement, with both bullish and bearish outcomes.
In conclusion, while the prospect of an XRP ETF remains uncertain, market participants eagerly await further developments. As with any investment decision, thorough research and caution are advised in navigating the volatile cryptocurrency landscape.
[Disclaimer: This content aims to provide accurate and up-to-date information, but it does not absolve readers of conducting their own research and making informed financial decisions. Cryptocurrency investments carry inherent risks, and individuals should exercise caution.]

#XRP #xrpetf #XRPETFApproval #Crypto2024 #cryptocurrency
$XRP

Charles Gasparino comments on the prospect of BlackRock launching an XRP ETF, saying that the company’s CEO has limited awareness about the sixth-largest cryptocurrency by market cap.
Read more on: https://thecryptobasic.com/2024/01/15/fox-journalist-says-blackrock-ceo-barely-knows-that-xrp-exists-community-reacts/
#XRPUnlock #xrpetf #cryptocurrecny #cryptoleads #CryptoNews🔒📰🚫

#AVAX Crypto tracking platform Whale Alert has detected two large #XRPtransactions made by an anonymous wallet to major #exchanges Bitstamp and Bitso.With these transfers, more than 51,000,000 $XRP coins were shoveled. Details of these transactions, however, suggest that the sender wallet may be affiliated with Ripple Labs blockchain behemoth.Also, transfers to the exchanges, with a likely goal of selling those millions of XRP, coincided with a 5.11% drop in the XRP price. In this case, the aforementioned wallet made a massive XRP sale at a loss.Close to 52 million XRP on the move, price declinesPer data published by Whale Alert, unknown wallet r4wf7enWPxyHtbizyV7ZHiZi5XgwHh4Rzn moved lumps of 25,400,000 XRP and 26,200,000 XRP roughly 11 hours ago. The millions of XRP were sent to Bitstamp and Bitso exchanges, respectively – a total of 51,600,000 XRP worth $31.7 million in fiat.In the meantime, the price of the Ripple-affiliated XRP coin demonstrated a 5.11% decline since Thursday as it dropped from the $0.65098 level and is now changing hands at $0.61576.This week has been rough for XRP as it first plunged more than 12% on Monday after BlackRock fund manager dismissed scam rumors about it filing for an XRP-based ETF. Then another 10% drop came on Tuesday as the case with the fraudulent XRP ETF filing was transferred to the U.S. Department of Justice.This case with a fake #xrpetf filing became a target for memes which, these days, is a likely sign that demand for such an exchange-traded fund would perhaps be quite high among investors and traders.Here's where Ripple's shadow is seen on transfersXRP-centered explorer Bithomp revealed that the aforementioned r4wf7enWPxyHtbizyV7ZHiZi5XgwHh4Rzn wallet is linked to the fintech heavyweight Ripple based in San Francisco.Therefore, this 51,600,000 XRP transfer was likely to have been made not for the sake of selling and adding fiat funds to Ripple's balance but as transactions to support the Ripple Payments liquidity supply.Ripple Payments used to be known to the crypto community as On-Demand Liquidity (ODL), but it was rebranded earlier this year to make it easier for outsiders to understand quickly what this system is about.Ripple Payments runs on RippleNet, and it is powered by XRP, which is the core element of transactions here, and they do not require dealing with prepaid accounts as opposed to money transfers conducted by traditional banks. This system currently operates in more than 70 countries around the world, according to data shared by Ripple chief Brad Garlinghouse at the recent annual Swell event in the UAE.#Pyth

The crypto community became riled with disdain after credible sources discredited a fake XRP spot ETF product filed about a week ago in Delaware.
Read more on: https://thecryptobasic.com/2023/11/20/xrp-etf-hoax-fooled-many-investors-here-are-lessons-learnt/
#XRPUpdate #xrpetf #XRPWaves #Crypto #CryptoNews🔒📰🚫

BlackRock CEO remains tight-lipped on XRP ETF, opting for minimal disclosure.Regulatory clarity distinguishes XRP, Bitcoin, and Ethereum in the cryptocurrency landscape.JP Morgan caught accumulating 7.5 million XRP, signaling interest in the digital asset.

Now that Bitcoin ETFs have become a reality, BlackRock CEO Larry Fink's recent comments during an interview about the possibility of an XRP ETF have raised eyebrows. In response to the question, Fink cryptically stated, "I can't talk about that," adding an air of mystery to the situation. Speculation has arisen, especially considering major players like JP Morgan have been observed accumulating significant amounts of XRP, potentially earmarking it for an ETF.
In the interview with FOX correspondent Charles Gasparino, Fink's ambiguous response has sparked rumors of a potential XRP ETF in its early stages. Notably, XRP holds the legal classification of "not security" as ruled by the US District Court of the Southern District of New York, a status that has implications for its potential inclusion in an ETF.
The legal landscape further reveals that XRP, Bitcoin, and Ethereum are the only three cryptocurrencies currently classified as "not security." Ethereum ETFs are already in line for approval, marking a significant shift in the cryptocurrency market.
The significance of an XRP ETF lies in Ripple's legal standing as a non-security asset, following its victory against the SEC. This legal clarity, combined with the high network throughput and massive community support of Ripple, positions XRP as an attractive option for ETF issuers. With Ethereum ETFs already in the pipeline, attention now turns to XRP's potential ETF.
Gary Gensler's recent comments on Bitcoin ETFs add a layer of complexity. While Gensler stated that a Bitcoin ETF doesn't necessarily set a precedent for other cryptocurrencies, it is worth noting that he voted in favor of a Bitcoin ETF. The threat to an XRP ETF exists, but the groundwork laid by Ripple's legal victory and its practical applications in cross-border payments may expedite the process.
Recent moves by financial giants, such as JP Morgan accumulating substantial XRP holdings, indicate a growing interest in the cryptocurrency. This accumulation could serve as a seed fund for an XRP ETF, given its legal status and widespread use in cross-border payment systems. However, it remains uncertain whether other blockchains or Ripple are facilitating these cross-border transactions.
In conclusion, the prospect of an XRP ETF is gaining traction, fueled by legal clarity, practical applications in cross-border payments, and support from financial giants. While uncertainties persist, including potential regulatory challenges, the groundwork laid by Ripple's legal victory and increasing institutional interest suggest that an XRP ETF may not be far off. As the cryptocurrency landscape evolves, investors should stay informed and exercise caution in this dynamic and volatile market.
#BlackRock #Ceo #XRP #JPMorgan #xrpetf
$XRP