Franklin Templeton Enters XRP ETF Market with SEC Filing
- Franklin Templeton has filed an S-1 form with the US SEC to offer an XRP ETF.
- The asset manager recently filed to offer a Solana ETF and already offers spot Bitcoin and Ethereum ETFs.
- XRP’s price surged over 8% in the last 24 hours following the ETF filing.
- Crypto analyst CasiTrades noted that XRP held the 0.5 Fibonacci support, indicating exhausted selling pressure.
- XRP needs to maintain above $2.04 and $2.11 for continued consolidation, with resistance at $2.25 and $2.70.
Franklin Templeton’s recent filing for an XRP ETF with the SEC has contributed to an over 8% increase in XRP’s price within a day, as noted by crypto analyst CasiTrades who highlighted key support and resistance levels for the cryptocurrency.
Source (2.6)https://coingape.com/breaking-franklin-templeton-files-s-1-for-xrp-etf-with-us-sec/?rand=24432
