XRP News: Price Eyes Upside Break Despite Recent Correction

The price of XRP has been on a volatile ride recently, with a fresh recovery wave starting from the $1.90 zone. While the cryptocurrency showed signs of breaking above the $2.250 resistance zone, it failed to sustain the momentum and declined. However, it has now started a decent upward move, keeping investors hopeful for a recovery ahead.

XRP Price Eyes Upside Break

XRP price started a fresh recovery wave from the $1.90 zone and is now showing positive signs. It might clear the $2.250 resistance zone but recently started a fresh decline after failing to clear the $2.20 zone. The price declined below $2.120, $2.050, and even $2.00, forming a low at $1.90. However, it recently started a decent upward move.

XRP Price Holds Above $2.00 Despite 22% Correction: Recovery Ahead?

Despite attempts to recover, investor sentiment has remained weak, preventing substantial movement in XRP’s price. The altcoin has seen a lack of strong support, with many investors hesitant to make decisions due to ongoing uncertainty. The number of active addresses has fallen significantly, from 530,000 to 123,000, indicating a quick decline in interest. This reluctance of investors to engage with XRP has limited liquidity, further dampening the potential for substantial price movement.

AI Predicts Ripple’s Price If Franklin Templeton’s XRP ETF Is Approved

Ripple (XRP) is one of the prominent tokens in the crypto realm, carving new milestones daily. The token is attracting heavy ETF development activity, adding more prestige to the Ripple ecosystem. Franklin Templeton, a leading financial giant, has filed for an XRP ETF application, giving XRP a credible reputation boost. It remains to be seen how high XRP can surge if this ETF gains approval from the US SEC.

XRP ETF Delayed, But Price Surges – What’s Behind the Jump?

The SEC has delayed its decision on the XRP Spot ETF, alongside ETFs for Solana, Litecoin, and Dogecoin. Typically, such delays create market uncertainty and lead to price drops. However, XRP’s price has increased by 3.92% in the last 24 hours. Despite the regulatory setback, Franklin Templeton, a firm managing over $1.5 trillion in assets, has officially applied for an XRP ETF, which could be traded on the Cboe BZX Exchange.

Franklin Templeton Joins the XRP ETF Race Despite SEC Delays

Despite the SEC delay in approving an XRP ETF, Franklin Templeton, managing over $1.5 trillion in assets, has officially applied for an XRP ETF. The proposed Franklin XRP Trust would trade on the Cboe BZX Exchange, with Coinbase Custody Trust Company serving as its custodian. This move adds Franklin Templeton to a list of financial giants interested in XRP ETFs.