Ripple executives have reacted to the SEC’s bogus announcement regarding the approval of all Bitcoin spot exchange-traded fund (ETF) applications.
Read more on: https://thecryptobasic.com/2024/01/10/ripple-execs-react-to-sec-bogus-approval-announcement-of-bitcoin-spot-etf/
#RippleUpdate #RippleVsSEC #cryptocrurrency #CryptoNewsLand #CryptonewswithJack

As Bitcoin exchange-traded funds (ETFs) received regulatory approval in the US, one ETF provider sees doors opening for additional digital asset offerings. Valkyrie Investments CEO Steven McClurg recently shared positive outlooks for both Ethereum and XRP, landing SEC-sanctioned ETFs in the wake of a long-awaited Bitcoin fund green light.McClurg contends that with Bitcoin potentially establishing a viable path forward, filings tracking other top crypto assets could soon follow. Valkyrie itself aims to be part of those future waves, tailoring products to match growing institutional investment demand.Grayscale adds XRP to crypto fundIn assessing XRP’s chances, McClurg pointed to recent progress around Ripple’s embattled native token. Grayscale’s surprising move last week to re-add XRP to its Digital Large Cap fund signals thawing sentiment toward the asset tied up in an SEC lawsuit.McClurg believes this shift, along with advancing legal clarity and functionality for XRP, could incentivize ETF issuers to craft XRP investment vehicles. As for Valkyrie, he didn’t rule out getting involved under the right conditions.Source: GrayscaleGrayscale could launch a dedicated XRP TrustThe context around Grayscale’s change of stance is informative. After delisting XRP from its fund in early 2021, observers believe last week’s shock re-addition implies eventual plans for a standalone XRP investment trust.Grayscale enjoyed massive success with its Bitcoin Trust product. If Grayscale seeks to replicate even a fraction of that phenomenon with a new XRP Trust, the creation of an SEC-approved XRP ETF likely won’t be far behind.Of course, uncertainty still dominates the landscape for additional crypto ETFs. McClurg clarifies that Valkyrie sees beyond Bitcoin, with ambitions to satisfy investor appetites for products providing exposure to Ethereum, XRP, and other digital assets.If the floodgates ever open, expect the ETF issuer landgrab across cryptocurrencies to be as intense as the ongoing competition to secure the first SEC Bitcoin ETF approval.Don't forget to vote for fullo ❤️❤️❤️❤️❤️❤️Vote for fullo ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️#RippleUpdate #dyor

The freshly unlocked 400 million XRP from the Ripple escrow fulfills an earlier failed transaction, completing the scheduled one billion release as intended.

Read more on: https://thecryptobasic.com/2024/02/26/heres-why-ripple-escrow-unlocked-400000000-xrp-outside-the-monthly-schedule/
#RippleUpdate #Crypto #CryptoNewsFlash #CryptonewswithJack

Legal documents in the Ripple vs. SEC case claim Ripple leveraged trading bots from GSR to increase the XRP price and not suppress it, as earlier speculated by community members.

Read more on: https://thecryptobasic.com/2024/02/29/legal-docs-claim-ripple-used-gsr-trading-bots-to-increase-xrp-price-not-suppress-it/
#RippleUpdate #XRP🚀 #Crypto #CryptoNews🔒📰🚫 #CryptoNewsUpdate

Ripple has put back 800M XRP coins in escrow despite unlocking only 500M XRP on the first day of March. 

Read more on: https://thecryptobasic.com/2024/03/02/ripple-locks-800m-xrp-in-escrow-after-unlocking-only-500m-xrp-in-march/
#RippleUpdate #RippleTrends #Crypto #CryptoNews🔒📰🚫 #CryptoNewsUpdate

The U.S. Securities and Exchange Commission (SEC) has filed its opening remedies brief in the ongoing legal tussle against Ripple.

Read more on: https://thecryptobasic.com/2024/03/23/public-release-date-announced-for-sec-latest-filing-in-ripple-lawsuit/
#RippleVsSEC #RippleUpdate #Crypto #CryptoNewsFlash #CryptonewswithJack

Top crypto analyst @Cryptoinsightuk remains bullish on XRP and ADA overall, seeing both primed for aggressive moves higher despite some recent price consolidation.
For XRP, massive short interest has built up, setting the stage for a short squeeze. @Cryptoinsightuk points to a huge spike in open interest as XRP declined, representing over $100 million worth of shorts added. Even as price dropped further, open interest remained elevated, signaling heavy short positioning.

@Cryptoinsightuk believes a break above key resistance around $0.64 could trigger an explosive move in XRP, as short sellers scramble to close out positions. This could create a cascading effect driving rapid gains, with the analyst eyeing a target range of $0.89 to $1.35. The bullish divergence between price and RSI also supports the bull case.
As for ADA, some deceptive signals recently made it appear bearish, including massive red 4-hour candle volume. However, @Cryptoinsightuk notes that drilling into the hourly chart shows most of that volume occurred on green, bullish candles.
ADA remains firmly in an uptrend, making higher lows and highs within a parallel channel. With open interest also cooling significantly, the analyst maintains his longer-term bullish outlook. The uptrend remains intact despite the consolidation.

In summary, both XRP and ADA are consolidating but could be on the cusp of major breakouts. For XRP, the crowded short positioning creates conditions ripe for a squeeze higher on a technical breakout. And ADA continues trending up within its channel, with bullish hourly volume overriding the bearish signals.
As leading altcoins with strong fundamentals, XRP and ADA remain attractive opportunities for traders despite choppy conditions recently. Their technical and on-chain setups position both cryptos well for potentially aggressive moves higher, once their consolidations resolve to the upside. Traders and investors may want to watch for the key breakouts to play out.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#RippleUpdate #cardano $XRP $ADA