XRP Price Could Do A 10X When Ripple And SEC Settle

In a video posted on the YouTube channel, the analyst suggested that XRP would rise significantly once Ripple and the SEC finally settled. He described this long-running legal battle between both parties as a “black cloud” that has continued to cause uncertainty in the XRP market.

Related Reading: Prepare For Impact: US Government Will Dump $130 Million Worth Of Bitcoin
He further noted how investors strongly dislike uncertainty, which could explain why they have continued to trade with caution rather than doubling down on their XRP investments. Meanwhile, the ‘Discover Crypto’ host believes that irrespective of how much Ripple ends up being fined, a settlement will no doubt be ‘positive news’ and the trigger for the price surge.

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The crypto analyst went on to break down four other reasons why he believes that XRP’s price could surge by 1000%. First, he stated that a Ripple Initial Public Offering (IPO) could also trigger a significant rally for XRP. This price pump, he claims, will be facilitated by market makers and whales who would want to create a positive sentiment around the IPO launch.

To back up this point, he alleged that the biggest move for Bitcoin in 2021 wasn’t as a result of Bitcoin Halving or any market cycle but because of the Coinbase IPO. These same market makers are said to have pumped the flagship crypto’s price then. #xrp $XRP #Sec

XRP Surges as Ripple Announces New Partnerships and Regulatory Progress

Introduction:
In recent news, XRP, the digital asset native to the Ripple network, has experienced a significant surge in value following a series of positive developments. Ripple, the blockchain-based payments company behind XRP, has announced new partnerships and made progress in regulatory matters, boosting investor confidence in the cryptocurrency. This article will explore the latest news surrounding XRP and its potential implications for the future.

Partnerships Fueling XRP's Rise:
Ripple has been actively expanding its network of partnerships, which has played a crucial role in driving the recent surge in XRP's value. One notable partnership is with MoneyGram, a global money transfer company. Through this collaboration, MoneyGram has integrated Ripple's technology to enhance its cross-border payment capabilities, utilizing XRP as a bridge currency. This partnership has not only increased the adoption of XRP but also showcased its potential to revolutionize the traditional remittance industry.

Furthermore, Ripple has recently announced a strategic partnership with Azimo, a leading European digital money transfer service. Azimo will leverage Ripple's On-Demand Liquidity (ODL) solution, which utilizes XRP to facilitate instant cross-border transactions. This partnership highlights the growing interest in XRP as a means of improving the efficiency and speed of international money transfers.

Regulatory Progress:
In addition to forging new partnerships, Ripple has made significant progress in addressing regulatory concerns surrounding XRP. The company recently announced that it has reached a settlement with the U.S. Securities and Exchange Commission (SEC) regarding an ongoing lawsuit. This development has provided much-needed clarity and stability to the XRP ecosystem, alleviating concerns among investors and market participants.
The settlement with the SEC requires Ripple to pay a fine but does not classify XRP as a security.
#XRPMovement #Xrp $XRP #SEC

BlackRock and Other ETFs Are Catching Up With Grayscale: Research Analyst

According to James Seyffart, a eResearch Analyst with Bloomberg, the newly launched spot Bitcoin ETFs are growing significantly in volume and liquidity. In a recent post on X (formerly Twitter), Seyffart showed that BlackRock’s IBIT and other ETFs are gradually catching up with Grayscale’s GBTC. As shown in a screenshot shared by Seyffart, BlackRock recorded a daily volume of $480.8 million on January 26. That marked a significant growth in the product’s liquidity inflow, reflecting a notable comparison with the ever-impressive GBTC. On the same day, Grayscale’s GBTC recorded $649 million in trading volume.

Seyffart considers the performance of the newly launched spot Bitcoin ETFs impressive, even though the flows and total volume numbers are not in yet. According to him, the smaller ETFs have performed well and are catching up with the renowned leader, Grayscale’s GBTC. The data shared by Seyffart shows that apart from BrackRock’s IBIT, the other ETF products are also growing significantly. For the day under review, Fidelity’s FBTC attracted a daily volume of #333.9 million, while Ark and Bitwise recorded $100.4 million and $64.3 million daily volumes, respectively.

Cumulatively, the total volume of all the listed spot Bitcoin ETFs eleven days to Seyffart’s post was approximately $24.36 billion. Excluding GBTC, all other ETFs recorded a total volume of about $11.74 billion. The research expert also showed that the 10-day flow for GBTC was approximately $744 million, while that of the remaining products was a significant $5.53 billion.

Considering the recorded metrics and recent performance, Seyffart believes the ETF sector is experiencing significant growth. He also thinks the growth is not lopsided but spreads across the multiple ETF products.
Credit: Coin Edition
#ETFsApproval #BlackRockCrypto #Grayscale $BTC