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XRP rises 10% after WisdomTree XRP ETF registration, targets $2 XRP rose over 7% as WisdomTree applied for XRP ETF in the US, per Eleanor Terret. The company introduced a low-cost European XRP ETP. Following open interest growth, XRP may reach $1.96, its April 2021 resistance. After WisdomTree applied for an XRP ETF in Delaware on Monday, Ripple's XRP rose over 7% and looks to rally toward its April 2021 high. WisdomTree registers XRP ETF as issuers expect Gensler resignation to ease regulation. According to Fox Business Eleanor Terret, WisdomTree, a global asset manager with over $113 billion AUM, registered for an XRP ETF in Delaware on Monday. The corporation could file an S-1 with the SEC soon after registering. For direct spot price exposure, WisdomTree Physical XRP ETP (XRPW) launched in Europe. WisdomTree now joins Bitwise, 21Shares, Canary Capital, and Grayscale in wanting an XRP ETF. XRP's optimism has grown since Donald Trump's return to the White House and SEC Chair Gary Gensler's January 20 retirement. Given his campaign vows to regulate cryptocurrencies, most investors expect Trump to select a more forgiving Chair. Ripple also launched a tokenized money market fund on the XRP Ledger with UK digital asset exchange Archax and asset management abrdn plc. "The fund comprises part of abrdn's £3.8 billion US dollar Liquidity Fund (Lux) fund and represents the first tokenised money market fund on the XRPL," Archax said in a release. XRP maintains $2 rising momentum Coinglass reports approximately $24 million in liquidations in the past 24 hours, up XRP 6%. Long and short liquidations were $15.64 million and $8.49 million. XRP maintained its rounded bottom move over the weekend and is targeting $1.96, its April 2021 resistance. XRP's open interest reached an all-time high of $2.68 billion over the weekend before falling to $2.25 billion on Monday, bolstering the positive outlook. The overbought Relative Strength Index (RSI) implies prices are overheating. #XRP #Ripple #GODINDataForAI $XRP
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$ELF is currently trading within a tight range of $1.05 to $1.11, signaling a potential price consolidation. This range-bound movement indicates growing market pressure, and a breakout above the $1.11 level could pave the way for significant upward momentum. Traders should monitor volume and momentum indicators, as a decisive move could result in rapid price acceleration. Conversely, failure to break out might lead to continued consolidation or a retracement. With market sentiment and technicals aligning, #ELF presents an intriguing opportunity for both short-term and long-term traders in the coming sessions.
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Analysis: Dogecoin vs. PEPE: Which Coin to Hold This Bull Cycle
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The $LUNA and $LUNC ecosystem, including $USTC , is showing promising signs of recovery, with #USTC nearing a potential breakout above the $0.05 mark. This development suggests a stabilization phase and a shift in market sentiment as the assets gain traction. The bullish momentum appears to be building, with key technical indicators aligning for an upward movement. The anticipation of a broader bull run within this ecosystem has traders and investors paying close attention. Increased activity and optimism across the Luna family may drive #USTC toward this critical level, signaling the potential for further growth and a renewed sense of confidence in its future.
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$LUNA 's price action indicates a potential breakout above the $0.70 resistance level, which could propel its value toward $1.50. This bullish momentum hints at an upcoming rally, fueled by increasing investor confidence and market optimism. The breakout, if confirmed, might signal the beginning of a significant bull run. Key factors include strong volume, technical patterns, and broader market trends favoring cryptocurrencies. Traders are closely watching for confirmation as Luna approaches this critical threshold. With the crypto market showing renewed energy, #Luna 's performance could be a catalyst for broader growth in the altcoin sector, igniting excitement among investors. $LUNC $USTC
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