SEC Acknowledges Bitwise’s XRP ETF, Boosting Market Optimism
- The SEC has acknowledged Bitwise’s XRP exchange-traded fund (ETF), the third such acknowledgment.
- XRP is trading at $2.50, experiencing a daily decline of 5.18% but a weekly increase of 4.5%.
- Analysts predict potential price surges for XRP, with targets set at $5.85 and $18.23 based on Fibonacci levels.
- XRP’s 24-hour trading volume increased by 4.2%, reaching $5.08 billion.
- Institutional interest is rising, with Grayscale and others filing for XRP ETF listings.
The SEC’s acknowledgment of Bitwise’s XRP ETF has sparked optimism in the crypto market, despite current bearish trends and a recent daily decline in XRP’s price.
Source (2.6)https://coingape.com/xrp-price-eyes-5-as-us-sec-acknowledges-bitwises-xrp-etf/?rand=24432
