Dogecoin (DOGE) is at a critical juncture, with only days left in December to rectify a significant price decline and potentially replicate historical growth. Despite a challenging market, DOGE’s remarkable
COINOTAG reported on December 27 that the CEO of CryptoQuant, Ki Young Ju, highlighted a significant shift in currency dynamics. The Korean Won to US Dollar exchange rate has plummeted
XRP (XRP-USD) has been on a remarkable rally, soaring more than 300% over the past two months to reach $2.20 by December 27. However, warning signs...
Dogecoin has four days to align with its historical 22% average growth rate for December
Bitcoin price today is up 0.20% and trades at $95,700, down 11.29% from its all-time high of $108,421.6. With the 2024 year coming to an end, let’s explore whether BTC price will hit $100K again in 2024. Will Bitcoin Price End 2024 Positively? With the Fed’s hawkish comments after the FOMC meeting , Bitcoin price crashed from its ATH of $108,421.6 and dropped 14.93%. This collapse set up a local bottom at $92,230 on December 20 and has since lacked directional bias. Crypto markets did not experience a Santa Claus rally as many expected. As a result, December’s monthly gains hover around 0.60% at the time of writing. Although it is uncertain if December might end on a positive note, 2024 gains stand tall at 129% for BTC. BTC/USDT 1-hour chart With no major macroeconomic events until January 9 and holidays around the corner, BTC prices could experience an uptick in volatility. The recent supposed sale of nearly $1.8B worth of BTC from investment firm BlackRock adds credence to heightened volatility. Alex Krüger, Founder of Aike Capital, noted, “I’m bullish on Bitcoin’s price for the remainder of 2024. The recent whale accumulation and improving technical indicators suggest a potential year-end rally.” Bloomberg’s Senior Commodity Strategist, Mike McGlone added that although Bitcoin price has been consolidating in recent weeks, he expects a “breakout above $100,000 before the end of 2024”, citing “strong fundamentals” and a “rise in institutional investment.” So, to conclude, there is a high chance Bitcoin price will revisit $100K before 2024 ends, especially due to low liquidity and high volatility, which leaves BTC at the behest of high-net-worth investors and institutions. Additionally, Bitcoin will end 2024 on a positive note due to the 129% year-to-date gains. Bitcoin Whales Accumulate BTC On Dips According to on-chain data provider Santiment, whales transaction count that tracks transfers worth $100,000 or more. This index spiked during the recent 15% crash from ATH, denoting accumulation during the dips. BTC Whale Transaction Count This positive development for BTC suggests that the year-end could see a rally to the upside soon. As mentioned above, the lack of liquidity or volume could help thrust Bitcoin higher, especially to the $100K level. BTC Technical Analysis: What’s Next for Bitcoin Price? According to technical analysis, Bitcoin has produced a higher low since December 20, suggesting that a recovery rally may be in progress. The next inflection point or a make-or-break level is $100K, which is the composite Value Area High (VAH) and also coincides with the previous month’s VAH. A rejection here could trigger a correction to the Value Area Low (VAL) at $90,915. However, considering that a recovery bounce could have begun, investors should see a definitive breakout above $100K. In such a bullish scenario, Bitcoin price forecast hints at a move into the $102,742 to $105,300 range. In a highly bullish case, BTC could overcome the ATH at set up a new one at $110,000. BTC/USDT 4-hour chart On the contrary, a rejection at VAH of $100,000 could send Bitcoin price crashing 9% to revisit the VAL at $90,915. A breakdown of this key support structure will invalidate the bullish outlook and could trigger an even bigger drop of 11% to $81,158. This scenario wouldn’t see Bitcoin close 2024 on a positive note since December month’s gains would turn negative. Conclusion Additionally, technical analysis of Bitcoin’s price movement, technical indicators, and on-chain data shows that Bitcoin price will end 2024 on a positive note. The recent accumulation by whales, improving technical indicators, and the potential for a year-end rally all contribute to a bullish outlook. The post Will Bitcoin Price End 2024 On Positive Note? appeared first on CoinGape .
Russia has confirmed that Uganda will become a BRICS partner on Jan. 1, 2025, along with eight other countries: Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, and Uzbekistan. These nations will join the BRICS alliance as partner countries, but won’t have the same rights as official members, such as voting power and unrestricted participation in
Crypto analysts have shared their unified view on Ripple’s XRP and Rexas Fiance's RXS. They have predicted that XRP will reach a high of $10 in 2025 and potentially reach multiple milestones within the year. However, they have predicted that a new cryptocurrency, Rexas Finance , will surpass it. Now valued at $0.150, Rexas Finance (RXS) will soar to $20 in 2025, yielding better returns than XRP. Analysts Place Ripple (XRP) 2025 Peak at $10 Given analysts' predictions of Ripple's XRP soaring above $10, it is attracting a lot of interest. There are several reasons behind this positive prediction, making $10 a reasonable goal. An End to the Ripple-SEC Battle A favorable outcome of Ripple's legal conflict with the SEC is another main determinant of its likely rise above $10. There has been speculation about a closed-door conference that might cause the case to be closed. Marc Fagel, a former SEC attorney, has lately raised even more hope by suggesting the likelihood of the SEC dropping its appeal. If it sees positive results, this will boost investors' confidence and institutional adoption. A Favorable Crypto Environment The upcoming inauguration of a pro-crypto U.S. administration is also expected to benefit XRP. The administration promises to create a more favorable regulatory environment, which could set the stage for broader adoption of cryptocurrencies, including XRP. Ripple’s contributions to the incoming administration’s campaign have strengthened its position and could catalyze further price growth. Technological Advancements Institutional developments on the XRP Ledger (XRPL) add to its bullish outlook. Ripple recently partnered with Archax and abrdn to tokenize a $3.8 billion money market fund. This shows XRPL’s capacity for handling real-world asset tokenization. The release of Ripple's RLUSD stablecoin is one immediate cause of optimism. The stablecoin is designed to enable easy cross-border payments. RLUSD is already gaining traction across platforms, which can push XRP to $10 soon. The Possible Approval of Ripple Exchange-traded Fund (ETF) Finally, XRP ETF has been on the lips of many, with several institutions filing for approval. This would be a significant catalyst for XRP if they gain the SEC's approval. Analysts who have considered these several factors have said that 2025 will be filled with milestones for Ripple, which will lead its token to rally exponentially, peaking at $10 in 2025. Rexas Finance (RXS) Aims Higher for $20 Meanwhile, Rexas Finance, a Ripple alternative now priced at $0.150, can reach $20 in 2025. The momentum of its token presale has already solidified this possibility. The Rexas Finance presale has reached stage ten in less than four months. RXS is now $0.150 at stage ten, a 400% increase from the initial $0.03. The token will eventually launch at $0.20, pushing the returns to 566%. Post-launch, analysts expect it to be one of the top gainers in 2025, raking in massive returns as it rallies to $20. Rexas Finance: Driven by a Strong Ambition Rexas Finance stunned the crypto community with its ambition for real-world assets. With the recent trend in decentralized finance, Rexas Finance has also secured a unique position with its goal of tokenizing real-world assets. This process not only creates digital versions of traditional assets but also solves significant problems in the market. The real-world asset (RWA) market has faced issues like illiquidity, high cost, and inaccessibility. However, decentralized finance offers a solution through tokenization, which Rexas Finance has embraced. The platform seeks to turn RWAs into digital tokens, providing liquidity, breaking the cost barrier, and providing global access. Now, a broader range of investors can join in, including small-scale investors who had previously been locked out because of the cost barrier. A Trail Blazer in Decentralized Finance Rexas Finance goes a step further with its collection of powerful tools. At the forefront is the Token Builder, which simplifies asset tokenization. It's an excellent product because it requires no coding knowledge or technical skill. Other features include the Rexas Estate, Rexas DeFi, Rexas QuickMint Bot, and Rexas GenAI. There's also the Rexas AI Shield, Rexas Treasury, and Rexas Launchpad. These standout tools showcase Rexas Finance's ability to innovate in the DeFi space. The project has completed a CertiK Audit, certifying it as a low-risk opportunity. It is also listed on CoinMarketCap and CoinGecko, boosting visibility and credibility. RXS's launch is barely a mile away, with an expected launch date in Q1 2025. The plans to launch on at least three major exchanges have further fueled optimism and confidence. Targeting Higher Returns in 2025 For investors looking for the best returns in 2025, Rexas Finance is definitely the way to go. With its potential to go 2X above XRP’s 2025 target, it could turn you into a mega-millionaire. The token’s launch is meant to be the catalyst for the rally, with other factors boosting the rise. RXS is just $0.150 right now, a cheap entry price that can deliver explosive returns. Now is indeed the perfect time to buy before its next price move.The platform is also running a giveaway that will give twenty lucky winners $50,000 worth of RXS each. You can also join the presale today to stand a chance to win. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Key takeaways In 2025, HBAR is expected to trade between $0.60 and $0.73, with an average trading price of $0.68. By 2030, HBAR could trade between $1.89 and $2.10, with an average price of $2.02. Hedera Hashgraph (HBAR) cryptocurrency is one of the altcoins that enjoyed the bullish crypto market of 2021. As a result, traders and investors have since taken a keen interest in the digital coin. Moreover, the Hedera Hashgraph network shows prospects of becoming a force to reckon with within the blockchain space. Every crypto investor asks: When will HBAR’s price rise again? Despite the overall bear market and the infamous LUNA incident, the price momentum of the HBAR coin has been somewhat positive. With trading indicators pointing at a possible uptrend and the positive perception of HBAR, we might see a bullish scenario happening sooner: perhaps a retest of its all-time high. Overview Cryptocurrency Hedera Hashgraph Ticker HBAR Current Price $0.3006 Market Cap $11.49B Trading Volume $1.54B Circulating Supply 38.24B HBAR All-time High $0.5701 on Sep 16, 2021 All-time Low $0.01001 on Jan 02, 2020 24-hour High $0.3097 24-hour Low $0.2762 HBAR price prediction: Technical analysis Metric Value Volatility 20.21% (Extremely High) 50-day SMA 0.20919 200-day SMA 0.09728 Sentiment Bullish Fear & Greed Index 81 (Extreme Greed) Green Days 16 Hederah Hashgraph (HBAR) price analysis HBAR consolidates at $0.28674, with resistance at $0.32989 and support at $0.25016; RSI indicates neutral momentum in the 1-day chart. Resistance at $0.30337 and support at $0.27445; MACD shows mild bearish momentum, signaling potential volatility in the 4-hour chart. HBAR price analysis 1-day chart HBAR/USD chart. Image Source: Trading view On December 27, the price is consolidating within a key range, influenced by the Bollinger Bands and RSI. The price trades near $0.28674, with upper resistance around $0.32989 and lower support at $0.25016, as indicated by the Bollinger Bands. The RSI is at 57.28, suggesting moderate bullish momentum but not in overbought territory. The 20-day SMA at $0.29002 acts as immediate resistance, with the trend showing a potential for further upward movement if volume supports the breakout. A decline below $0.25 could indicate bearish dominance in the short term. HBAR/USD 4-hour price chart HBAR/USD chart. Image Source: Trading view According to the HBAR 4-hour chart on December 27, the coin price is currently at $0.28584, with immediate resistance at $0.30337 (upper Bollinger Band) and support near $0.27445 (lower Bollinger Band). The MACD is slightly bearish, as the MACD line is at -0.00028, under the signal line at -0.00002, indicating mild downward momentum. The Balance of Power (BoP) stands at 0.34, reflecting a neutral-to-slightly bullish sentiment. The 20-SMA at $0.28584 aligns with the current price, acting as a pivot point. If the price breaks above $0.30337, bullish continuation is likely, while a dip below $0.27445 could signal further bearish pressure. What can you expect from the HBAR price analysis next? Based on the 1-day and 4-hour HBAR charts, the price currently exhibits consolidation within a narrow range, suggesting a potential breakout in either direction. On the daily chart, the price hovers near the $0.28674 level, with resistance at $0.32989 and support at $0.25016. The RSI indicates neutral momentum, while Bollinger Bands showcases reduced volatility. The 4-hour chart shows resistance at $0.30337 and support at $0.27445 are critical levels. A bullish breakout above $0.30337 could target $0.33, while a drop below $0.27445 may lead to a retest of $0.25. Volume and MACD direction will confirm the next move. HBAR technical indicators: Levels and action Simple moving average (SMA) Period Value ($) Action SMA 3 $ 0.307596 SELL SMA 5 $ 0.300384 SELL SMA 10 $ 0.286723 BUY SMA 21 $ 0.282319 BUY SMA 50 $ 0.197046 BUY SMA 100 $ 0.124736 BUY SMA 200 $ 0.124736 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 $ 0.286415 BUY EMA 5 $ 0.287651 BUY EMA 10 $ 0.287982 BUY EMA 21 $ 0.26637 BUY EMA 50 $ 0.200984 BUY EMA 100 $ 0.147026 BUY EMA 200 $ 0.113017 BUY Is HBAR a good investment? Hedera Hashgraph distinguishes itself with its Hashgraph consensus algorithm, which promises higher speed, security, and scalability than traditional blockchain technologies. This positions HBAR as a potentially innovative player in distributed ledger technology, catering to various applications, including smart contracts and decentralized applications (dApps). These notable features could spur HBAR to new highs in the coming months and years, making it a profitable investment tool. Where to buy HBAR? Traders and investors can buy Hederah Hashgraph (HBAR) on these CEXs: Binance, KuCoin, HTX, Bybit, Bitget, and others. Will HBAR reach $10? HBAR reaching $10 is highly unlikely, requiring a massive market cap increase. Predictions for 2030 estimate HBAR could reach between $1.89 and $2.10, making $10 an unrealistic target without extraordinary market changes Will HBAR reach $100? Hederah Hashgraph (HBAR) reaching $100 is highly ambitious and would require exceptional growth, widespread adoption, and wild market speculation. Does HBAR have a good long-term future? HBAR has the potential for a good long-term future if it continues to gain popularity and adoption. Analysts project a market price of about $0.73 by 2025 and $2.10 by 2030. However, as with all meme coins, its future is uncertain and highly dependent on market trends and community support. Recent news/opinion on HBAR Coin HBAR Foundation partners with @zoniqxinc to bring RWA tokenization to Hedera, setting a new standard for asset integration. We're excited to announce that @zoniqxinc , a global leader in #RWA tokenization, has announced its integration with the @Hedera network 🏦 pic.twitter.com/CND6dJGkfa — HBAR Foundation (@HBAR_foundation) November 6, 2024 Bonzo Finance celebrates Hedera’s TVL breakthrough, surpassing $3.45M. A new milestone for HBAR and the #BuiltOnHedera movement. Congrats on the @Hedera TVL milestone @bonzo_finance 👏 #BuiltOnHedera pic.twitter.com/JrVayoaURn — HBAR Foundation (@HBAR_foundation) November 6, 2024 HBAR Foundation joins Chainlink Scale, integrating cutting-edge data feeds on Hedera for next-gen dApps. At #SmartCon , we were excited to announce that we have joined the Chainlink Scale program 🤝 As part of this program, Chainlink will be integrating Data Feeds, PoR, and CCIP into the @Hedera network 👇 pic.twitter.com/5EEKfRN6Xe — HBAR Foundation (@HBAR_foundation) November 1, 2024 Hedera Hashgraph price prediction December 2024 The Hedera Hashgraph price prediction for December 2024 suggests a consistent projection, with potential prices ranging from a low of $0.28, an average of around $0.28, to a high of $0.28 Hedera price prediction Potential Low ($) Average Price ($) Potential High ($) Hedera price prediction December 2024 $0.28 $0.28 $0.28 HBAR Crypto Price Prediction 2024 By 2024, HBAR’s average market price is expected to be $0.55, with a potential low of $0.25 and a potential high of $0.61. Year Potential Low ($) Average Price ($) Potential High ($) 2024 $0.25 $0.55 $0.61 Hedera Hashgraph Forecast 2025-2030 Year Potential Low ($) Average Price ($) Potential High ($) 2025 $0.60 $0.68 $0.73 2026 $0.83 $0.95 $1.01 2027 $1.08 $1.20 $1.29 2028 $1.08 $1.20 $1.29 2029 $1.33 $1.44 $1.54 2030 $1.89 $2.02 $2.10 HBAR price prediction 2025 In 2025, the price of a Hedera hashgraph (HBAR) is expected to range between $0.60 and $0.73, with an average of $0.68. HBAR price prediction 2026 The 2026 forecast predicts that HBAR will trade between $0.63 and $1.01, with an average price of $0.95. HBAR price prediction 2027 2027 HBAR could experience a further climb, reaching a maximum of $1.29, with an average price of $1.20 and a minimum of $1.08, indicating market growth. HBAR price prediction 2028 HBAR in 2028 is expected to stabilize, with prices holding between $1.08 and $1.29 and an average of $1.20. This period could represent consolidation as the network matures. HBAR price prediction 2029 By 2029, Hedera is anticipated to show growth, with projected prices from $1.33 to $1.54 and an average of $1.44, suggesting market interest. HBAR price prediction 2030 The forecast for 2030 projects HBAR reaching a maximum of $2.10, with an average trading price of $2.02 and a minimum of $1.89. This peak reflects Hedera’s potential for substantial long-term appreciation. Hedera HBAR price prediction 2025-2030 Hedera market price prediction: Analysts’ HBAR price forecast Firm 2024 2025 Coincodex $0.3549 $0.6221 Binance $ 0.298 $ 0.313 Cryptopolitan’s Hedera Hashgraph price forecast According to Cryptopolitan, HBAR will reach a maximum price of $0.61 by the end of 2024. In 2025, it will range between $0.60 and $0.73, with an average of $0.68. Note that the predictions are not investment advice. Hederah Hashgraph historic price sentiment HBAR price history; Source: Coinnmarketcap The year 2019 started with a negligible price figure, which remained consistent for the initial months. Price trends fluctuated significantly throughout 2019, dropping to $0.01 by the end of 2019. HBAR opened the year 2021 at $0.03, remaining steady for the first few days. The price significantly increased to $0.1 by the first week of February 2021, driven by early January’s continuous network efforts. HBAR began 2024 with modest prices, gradually rising as the year progressed. On April 23, 2024, HBAR experienced a major surge, peaking at $0.155531 due to dynamic market factors and possible positive news within the Hedera network (CoinCodex). The price reached its highest at approximately $0.179297 on April 25, 2024, likely influenced by ongoing developments and investor reactions to network activities. By early May 2024, the price stabilized, hovering around $0.110 to $0.115, indicating a settling market after earlier volatility. In June, hedera’s price ranged between $0.07289 – $0.1094. On July 30, the price of HBAR was $0.06594. However, by August, it had dropped to $0.05137. On September 19, the price of HBAR was $0.05166. By October 03, the price marginally increased to $0.05186, with a notable rise in trading volume to $61.16 million. On November 05, the price of HBAR traded at $0.046. By December 04, it had reached as high as $0.3012, with a trading volume of $3.34B.
In crypto news today: Crypto Market Dips Ethereum Whale Awakens After 9.5 Years, Moves Millions Bitget Unveils $6.8B Token Burn and Ecosystem Merger Plan Jupiter DEX Aggregator Launches $580M JUP Airdrop Event ‘Jupuary’ __________ Crypto Market Declines The global cryptocurrency market capitalization stands at $3.5 trillion, reflecting a slight 0.3% decrease over the past 24 hours. Daily trading volume in the cryptocurrency market is approximately $158.07 billion at the time of writing. Among the top cryptocurrencies, Bitcoin (BTC) is trading at $96,437.54, showing a marginal 0.8% increase over the past day and a 2.3% gain over the last week. Ethereum (ETH) is priced at $3,400.98, reflecting a 0.8% daily rise and a 6.7% increase in the past seven days. XRP (XRP) is trading at $2.19, up 0.3% in the last 24 hours and gaining 6.4% weekly, while Solana (SOL) has seen a slight daily uptick of 0.7%, currently priced at $190.72. Dogecoin (DOGE) also rose 0.7% in the last 24 hours and has increased 12.2% over the week, with a price of $0.3197. Meanwhile, BNB (BNB) is priced at $704.41, reflecting a 1.1% daily gain and an 11% rise over the past seven days. Stablecoins like USDC remain pegged to $1.00, maintaining stability as expected. Some lesser-known tokens have demonstrated remarkable gains. For instance, aixCB by Virtuals has surged by 142.9%, and SafeMoon has risen by 104% in the last 24 hours. Music by Virtuals has also climbed 83.1%. Trending cryptocurrencies include Bitget Token, which gained 20.1% in the past day, while Tema and Pudgy Penguins have experienced slight dips of 7.2% and 11.5%, respectively. Ethereum Whale Awakens After 9.5 Years, Moves Millions In crypto news today, an Ethereum whale has resurfaced after remaining dormant for 9.5 years since the Ethereum ICO. The trader initially invested just $600 during the Genesis phase, receiving 1,940 $ETH in return. A $ETH whale has awakened after 9.5 years since the #Ethereum ICO. The trader invested ~$600 in the $ETH ICO and received 1,940 $ETH at #Genesis . In the past 4 hours, the whale has moved 742.11 $ETH , worth $2.48M, to 2 different wallets. One of these wallets has sent 431.11… pic.twitter.com/TBD6TjlEzO — Onchain Lens (@OnchainLens) December 27, 2024 Recently, 742.11 ETH was moved to two wallets, with one of them transferring 431.11 ETH to Coinbase, sparking speculation about potential sales or trades. Despite these movements, the whale still holds a substantial balance of 1,198 $ETH, currently valued at $4 million. Bitget Unveils $6.8B Token Burn and Ecosystem Merger Plan Crypto exchange Bitget has announced plans to burn 40% of its native token supply, equivalent to 800 million BGB tokens valued at $6.8 billion. In addition, starting in 2025, the exchange will implement quarterly token burns, using 20% of profits from its exchange operations and crypto wallet services to buy back and burn BGB tokens. The Bitget team released a new version of the BGB white paper. 800 million BGB held by the core team will be burned at one time, accounting for 40% of the total supply. #BGB $BGB $BWB pic.twitter.com/tLvNCsWvMo — justin (@Tokencryptoalt) December 27, 2024 On December 26, Bitget revealed plans to merge its Bitget Wallet Token (BWB) into the BGB token, creating a unified ecosystem token for its centralized exchange and wallet services. The company clarified that the merger will not change BGB’s total supply, with an exchange rate of approximately 11.68 BWB to BGB. Jupiter DEX Aggregator Launches $580M JUP Airdrop Event ‘Jupuary’ In other crypto news today, Jupiter, the largest decentralized exchange aggregator on Solana, is set to distribute 700 million JUP tokens, worth $580 million, as part of its airdrop event, “Jupuary.” The tokens will be allocated to users, stakers, and contributors based on a snapshot already taken. The eligibility criteria for the airdrop are still under discussion, with considerations including trading volumes across Jupiter’s products in the past year. A draft proposal suggests rewards ranging from 50 tokens for a minimum $800 trading volume to 250 tokens for $29,000 in trading volume, covering 2.3 million eligible wallets. Jupiter DEX Aggregator Announces 700 Million Token Airdrop in January ! pic.twitter.com/CfX6v9f0vq — b00mer (@blueB00merDefi) December 27, 2024 In addition to the airdrop, Jupiter plans to reduce its maximum token supply from 10 billion to 7 billion by burning over 3 billion tokens — a community-approved move finalized in August 2024. This follows Jupiter’s previous airdrop of nearly 1 billion JUP tokens in late 2023 to users with over $1,000 in trading volume. With a current circulating supply of 1.35 billion JUP tokens and a fully diluted valuation of $8.2 billion, Jupiter continues to refine its tokenomics to enhance its ecosystem. __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
The post XRP ETFs: Will They Trigger a New Bull Run for Ripple in 2025? appeared first on Coinpedia Fintech News After Trump’s November victory, the crypto market surged, fueled by expectations of a pro-crypto-Republican stance. XRP soared 54.65% in a month to $2.31, achieving a market cap of $132.3 billion and a staggering 270% quarterly growth, securing its position as the fourth-largest cryptocurrency. Though XRP is down 4% today and trading at $4.25 the market is bullish in the long run with trading volume jumping a new high. With XRP’s rising trend, the latest talk of the town is XRP ETF approvals. Leading crypto IRA platform iTrustCapital weighing in on their potential impact and how it will boost XRP. Following the approval of Bitcoin and Ethereum spot ETFs earlier this year, the spotlight is now on XRP, with several asset managers filing applications to launch XRP ETFs. Bitwise took the lead, filing its S-1 application with the SEC on October 2, 2024. Canary Capital, 21Shares, and WisdomTree quickly followed, with the latter filing its application as recently as December 2. Grayscale Investments and Bitwise are also eyeing ETF baskets that include XRP, signaling a growing interest in tokenized investment products. Two Driving Factors of XRP ETFs iTrustCapital outlined the benefits of XRP ETFs, majorly focussing on two possible scenarios; accessibility and oversight. These products would allow investors to access XRP through traditional brokerage accounts while operating under-regulated financial markets, offering greater investor protection. Not only that XRP ETFs will be regulated asset with minimum risk involved. However, there are notable drawbacks. ETFs involve limited trading hours, non-direct ownership of XRP, tracking errors, and high fees, which may drop the interest of some investors. Crypto Impact The approval of XRP ETFs could significantly impact XRP’s demand and supply dynamics. Institutional investors would need to acquire substantial amounts of XRP to back these funds, potentially driving up buying pressure and sparking a price surge. Additionally, the launch of XRP ETFs could boost market attention and institutional adoption, positioning XRP as a key player in traditional finance. This recognition could attract a new wave of interest and investment into the token. When Could XRP ETFs Go Live? It is not clear when it will be officially launched, but speculation suggests XRP ETFs could hit in 2025 under a potentially crypto-friendly SEC leadership. With pro-crypto advocate Paul Atkins as SEC Chair, the market is bullish for an early approval once Trump takes charge. Like Bitcoin ETFs have given a good start to down crypto market this year, XRP ETFs are also expected to follow the lead, with Solana ETF also in the race it will be interesting to see who gets the first mover advantage next year after Bitcoin.