Ripple Case and XRP-Spot ETFs in Focus On Thursday, February 20, XRP dropped by 1.75%, partially reversing Wednesday’s 6.90% rally to close at $2.6901. XRP trailed the broader crypto market, which advanced by 1.52%, taking the total market cap to $3.18 trillion.
Uncertainty over the SEC’s appeal strategy in the Ripple case weighed on XRP’s performance. Looking ahead, Ripple case-related updates and US XRP-spot ETF market developments remain the key price drivers. XRP Price Scenarios:
Bullish Case: If the SEC withdraws its appeal, XRP could break past its all-time high of $3.5505. ETF Catalyst: An XRP-spot ETF approval could push prices toward $5, driven by institutional inflows. Bearish Case: A continued SEC appeal and an ETF rejection could send XRP below $1.50.
US BTC-Spot ETF Market Eyes Three-Day Outflow Streak Recent US BTC-spot ETF market flows suggest a shift in sentiment toward BTC’s price trajectory. On February 19, the US BTC-spot ETF market registered $64.1 million in net outflows. US BTC-spot ETFs faced outflows for the third straight day on February 20. According to Farside Investors,
SEC Disbands Crypto Unit – What It Means for Ripple; BTC Eyes $100K
XRP price struggles as SEC remains silent on its appeal strategy, keeping traders on edge about Ripple’s legal future. SEC disbands its crypto unit, fueling speculation on Ripple’s case and a potential shift in regulatory enforcement. Grayscale’s XRP-spot ETF filing starts the approval clock—could this be the catalyst for a major XRP price rally? Recent US BTC-spot ETF market flows suggest a shift in sentiment toward BTC’s price trajectory. On February 19, the US BTC-spot ETF market registered $64.1 million in net outflows. US BTC-spot ETFs faced outflows for the third straight day on February 20. According to Farside Investors, February 20 ETF flows were as follows:
Blockchain Association, an established advocacy organization in the United States focused on the crypto and blockchain industry, has announced a record-breaking membership milestone. Earlier on Thursday, the Blockchain Association announced that it had enlisted 16 new members to further support pro-innovation national policy and regulatory framework for the cryptocurrency industry.
The organization welcomes more than a dozen well-funded Web3 projects, thus totaling its members to almost 100. Some of the distinguished projects and organizations that joined the Blockchain Association include Chainlink Labs, Zcash Foundation, Uniswap Foundation, Polymer Labs, Jito, Flow Traders, Alchemy, FalconX, and Sky Mavis, among others.
Chainlink Labs, Uniswap Foundation Among 16 Projects Joining Blockchain Association
The US-based crypto advocacy group Blockchain Association achieves a milestone by adding 16 prominent web3 projects, bringing total membership close to 100.
Onchain analysis is the examination of blockchain data to understand transaction patterns, asset movements, and network health.
It provides unique insights into market movements, absent in traditional finance, providing participants with a different approach to research and due diligence.
Onchain analysis can be a new framework for crypto valuation which allows users to establish an edge.
Franklin Templeton launches spot Bitcoin and Ethereum ETP On Thursday, U.S.-based investment firm Franklin Templeton announced the launch of exchange-traded products (ETPs) for Bitcoin and Ethereum.
The development was among the factors that contributed to Litecoin’s retracement, as investors redirected their attention toward the two largest cryptocurrencies.
The newly launched Franklin Crypto Index ETF (EZPZ) provides exposure to Bitcoin and Ethereum price movements, marking another milestone in institutional crypto adoption. The ETP’s sponsor fee of 0.19% will be waived for investors until August 31, 2025.