XRP News: Ripple’s XRP ETF Nears Approval as SEC Acknowledges New Bitwise Filing

The U.S. Securities and Exchange Commission (SEC) has recently acknowledged Bitwise’s spot XRP ETF 19b-4 filing, indicating a potential breakthrough for Ripple. Analysts speculate that this positive development could signal the dismissal of Ripple’s lawsuit, and XRP bulls are returning, sparking speculation of a possible breakout to $3.

Ripple’s XRP ETF Nears Breakthrough as SEC Acknowledges New Bitwise Filing

The U.S. Securities and Exchange Commission (SEC) has acknowledged Bitwise’s spot XRP ETF 19b-4 filing, marking a potential breakthrough for Ripple. This is the third filing signed off by the regulator, following the Grayscale and 21Shares applications. Analysts speculate that this positive move by the SEC could signal the likely dismissal of Ripple’s lawsuit.

XRP Bulls Return—Will This Be the Breakout to $3?

XRP price has increased over 5% from the $2.50 support level, showing positive signs and potentially targeting a move above the $2.820 resistance zone. The price has started a fresh increase above the $2.550 level and is now trading above $2.650 and the 100-hourly Simple Moving Average. A key bearish trend line with resistance at $2.620 on the hourly chart of the XRP/USD pair has been broken. If the price clears the $2.750 resistance zone, it could start a fresh increase.

Ripple's XRP sees significant gains following SEC's acknowledgment of XRP ETF filings

Ripple's XRP witnessed a 6% price increase, surpassing $2.70 in the early Asian session on Thursday, after the Securities & Exchange Commission (SEC) accelerated the acknowledgment of XRP ETF filings. Additionally, asset manager Hashdex received approval from Brazil's SEC-equivalent authority to potentially launch the world's first spot XRP ETF in the country.

Donald Trump’s Ripple Mentions Shake Up Crypto

United States President Donald J. Trump shared two articles about Ripple on his Truth Social platform, sparking speculation about the potential impact on Ripple and its native token, XRP. The posts, which seemed to reference a 'Trump effect' on the company, came in quick succession and raised eyebrows among industry observers who have long tracked Ripple’s high-profile legal battles and global expansion.