Cryptocurrency enthusiasts have been closely following the ongoing Ripple and SEC events, which have created a sense of uncertainty around XRP. While the approval of Bitcoin and Ethereum ETFs has grabbed attention, some have suggested that Solana is closer to obtaining an ETF than XRP. However, amidst all the discussions, Ripple’s CEO, Brad Garlinghouse, recently made an important statement.
Garlinghouse hinted that XRP ETFs could potentially begin operating in 2025, despite the legal challenges faced by Ripple and XRP. Although Bitcoin and Ethereum ETFs dominated the market in 2024, XRP, which holds a prominent position in the top 10 cryptocurrencies and boasts a significant trading volume, still faces numerous legal hurdles.
It is important to note that Ripple’s SEC case, which has been ongoing for four years, remains unresolved. While an interim decision last summer favored Ripple and Garlinghouse, it was not the final verdict.
Amidst all these developments, it is crucial to closely monitor the situation with XRP. At present, the XRP price seems to be taking a positive turn. Following the recent news, the price of XRP has risen, currently trading at $0.5271, reflecting a 1% increase in the last 24 hours. The market volume has also returned to the $29 billion level during this period.
Furthermore, the 24-hour trading volume has experienced a significant surge, surpassing $1.1 billion after witnessing an increase of over 8% following the news. The RSI value of XRP has also sharply increased, surpassing the neutral zone and reaching 56.33. This indicates that buyers are exerting increasing pressure on sellers.
For the latest technology news, readers can visit NEWSLINKER. However, it is essential to remember that the information in this article should not be considered as investment advice. Investors should conduct their own research and be aware of the high volatility and risks associated with cryptocurrencies.
