empty
20.02.2025 11:36 AM
Another Spot XRP ETF Application Submitted to the SEC

Bitcoin and Ethereum resumed their upward movement yesterday, following the overall positive trends observed in the U.S. stock market.Today, news emerged that the SEC has accepted another application for a spot XRP ETF, submitted by WisdomTree. This is undoubtedly a significant development. WisdomTree is a respected player in the ETF sector, and its application for a spot XRP ETF could have a substantial impact on the cryptocurrency market. In particular, it could provide institutional investors with a more convenient and regulated way to access XRP, potentially increasing demand and liquidity.

This image is no longer relevant

However, it is important to remember that the SEC's review of an application is just the first step. The approval process can be lengthy and uncertain. The SEC thoroughly examines each spot crypto ETF application, considering factors such as investor protection, market manipulation, and regulatory compliance. Previous attempts to secure approval for spot ETFs on other cryptocurrencies, such as Bitcoin, have faced significant hurdles.

It is also worth noting that just yesterday, the SEC accepted an application from Bitwise for review.

Against this backdrop, whales continue to buy XRP during every possible correction. Betting markets on Polymarket indicate a 78% probability that an XRP ETF will be approved in 2025. This trend reflects the confidence of large investors in XRP's long-term potential, despite the current market volatility and the ongoing legal battles surrounding Ripple. The aggressive accumulation of XRP by whales during market corrections highlights their strategic approach and possibly even insider knowledge about upcoming regulatory changes or technological advancements.

The high probability of XRP ETF approval in 2025 serves as an additional factor driving whale purchases. If approved, the ETF will grant broader institutional access to XRP, which could positively impact its price.

Expectations of ETF approval, coupled with Ripple's continued efforts to develop its ecosystem and strengthen partnerships, are shaping a favorable investment climate for XRP.

This image is no longer relevant

Technical Outlook for Bitcoin (BTC/USD)

Buyers are now targeting a return to the $97,400 level, which would pave the way for a move towards $98,800, with $100,200 just a step away. The most extended target is $101,200, a breakout above which would confirm a return to a medium-term bullish market.

If Bitcoin declines, support is expected at $96,200. A drop below this level could send BTC quickly down to $95,100, with $93,900 following closely behind. The most extended downward target is $92,700.

This image is no longer relevant

Technical Outlook for Ethereum (ETH/USD)

A confirmed breakout above $2,766 has opened the door to $2,824. The most extended upward target is the yearly high at $2,877, a breakout above which would confirm a return to a medium-term bullish market.

In case of a correction, buyers are expected to defend $2,704. A drop below this level could push ETH down to $2,649, with the most extended downward target at $2,587.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar con el Bitcoin para el 11 de junio según el sistema ICT.

La corrección terminó sin apenas comenzar. El Bitcoin lleva seis días consecutivos creciendo vertiginosamente y ha vuelto a sus máximos históricos. Este movimiento estuvo precedido por al menos dos patrones

Paolo Greco 07:53 2025-06-11 UTC+2

El Bitcoin vuelve a subir, y hay razones para ello

El Bitcoin ha vuelto al crecimiento, arrastrando consigo a otros activos del mercado de criptomonedas. El repunte de hoy durante la sesión asiática indica claramente una ruptura de niveles técnicos

Jakub Novak 13:08 2025-06-10 UTC+2

Recomendaciones para operar con el Bitcoin el 10 de junio según el sistema ICT

La corrección terminó sin siquiera haber comenzado. Por quinto día consecutivo, el Bitcoin sube como la espuma. Este movimiento fue precedido por al menos dos patrones "alcistas" en el marco

Paolo Greco 08:05 2025-06-10 UTC+2

El Bitcoin se balancea en el límite

La presión sobre el Bitcoin está regresando gradualmente, ya que la incapacidad repetida de superar el nivel de $106 000 indica que todo el crecimiento reciente tuvo un carácter

Jakub Novak 08:31 2025-06-09 UTC+2

Recomendaciones para operar con el Bitcoin el 9 de junio según el sistema ICT.

El Bitcoin continúa una corrección bajista tras la retirada de liquidez desde su último ATH, que todos habían estado esperando durante tanto tiempo. La retirada de liquidez desde el último

Paolo Greco 07:42 2025-06-09 UTC+2

Análisis del par BTC/USD. El 4 de junio. El Bitcoin podría finalizar su crecimiento

El conteo de ondas en el gráfico de 4 horas para el instrumento BTC/USD se ha complicado. Observamos una estructura correctiva bajista que finalizó su formación alrededor del nivel

Chin Zhao 07:42 2025-06-04 UTC+2

Recomendaciones para operar con el Bitcoin el 4 de junio según el sistema ICT

El Bitcoin finalmente comenzó una corrección bajista después de la retirada de liquidez desde su último ATH. La retirada de liquidez desde el último ATH puede significar no solo

Paolo Greco 07:42 2025-06-04 UTC+2

Recomendaciones para operar con el Bitcoin el 3 de junio según el sistema ICT.

El Bitcoin finalmente comenzó una corrección bajista después de retirar liquidez de su último ATH. La retirada de liquidez del último ATH puede significar no solo un retroceso, sino

Paolo Greco 07:22 2025-06-03 UTC+2

Las perspectivas técnicas de crecimiento de el Bitcoin son bastante buenas

El Bitcoin tocó fondo en la zona de los $104 000 y en los primeros días de junio se negocia a un precio cercano a los $104 500. Es evidente

Jakub Novak 13:27 2025-06-02 UTC+2

Recomendaciones para operar con el Bitcoin el 30 de mayo según el sistema ICT

El Bitcoin con mucho esfuerzo ha comenzado a corregirse, tras la retirada de liquidez de su último ATH. Durante casi una semana la criptomoneda se mantuvo en el mismo lugar

Paolo Greco 07:40 2025-05-30 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.