XRP News: Potential Price Rebound Amid ETF Application and Cryptocurrency Market Recovery

XRP Price Outlook and ETF Application

Ripple (XRP) price remains in a bear market after falling by over 35% from its highest level in January. However, XRP rose for the second consecutive day as cryptocurrencies rebounded, with Bitcoin (BTC) and Cardano (ADA) rising by over 3%. Franklin Templeton, which manages over $1.5 trillion in assets, applied for a spot XRP ETF on Tuesday, joining other firms like WisdomTree, Bitwise, 21Shares, Grayscale, Canary, and CoinShares. Polymarket users have boosted their odds for a spot XRP ETF approval to almost 80%. Additionally, XRP is one of the tokens that Donald Trump has identified to be in the US digital coins stockpile, which could lead to more demand if approved.

XRP and Rexas Finance (RXS) in Crypto Spotlight

Investors are watching Ripple’s XRP climb toward a $5 price point with growing confidence. Analysts predict a breakout soon, fueled by institutional interest and new XRP Depository Receipts. Meanwhile, Rexas Finance (RXS), a real-world asset tokenization project, is stealing the spotlight with its presale raising $46,640,357 so far. With a launch set for 2025 at $0.25, RXS promises explosive growth, potentially outpacing XRP in the crypto market.

XRP Price Plummets As Market Crashes, Yeti Ouro Gains Momentum

Over the past few days, Ripple’s XRP price has shown a significant plunge, mirroring much of the crypto market’s woes. XRP peaked just above $3 on March 3 but has dropped steadily since then and is now trading at around $2.18, a loss of about 7% in the past 24 hours. Newer projects like Yeti Ouro (YETIO) are establishing themselves as alternatives to well-established cryptocurrencies like XRP. Yeti Ouro is still in its presale phase but its entrance illustrates the ongoing quest for innovative investment opportunities sought by degens and retail investors.

Franklin Templeton Files for Spot XRP ETF

Franklin Templeton, a well-known investment manager with $1.5 trillion in assets, has submitted a filing with the SEC to launch an XRP exchange-traded fund (ETF). This news follows other major players such as 21Shares, Canary Capital, Grayscale, Bitwise, and WisdomTree who have also applied to offer similar products. The news brought relief to the broader market and helped XRP regain positive momentum.