Standard Chartered projects XRP ETFs could draw $4 billion to $8 billion in inflows in their first year if the CLARITY Act passes, a significant increase from the current $1.44 billion mostly from retail investors. The $1.45 price level acts as a major sell wall, capping XRP's price due to break-even sellers from previous cycles. Institutional investors, currently sidelined due to legal uncertainties, would enter the market if the CLARITY Act legally confirms XRP's commodity status, providing the buying power needed to break this wall and potentially drive prices higher. The outcome depends on the legislation passing and institutional inflows arriving quickly, with scenarios ranging from a price drop to $0.80-$1.00 if it fails, to a rise up to $3.50 if all factors align by year-end.
Ripple executives urged the U.S. Senate to pass the CLARITY Act, warning that rejecting the bill would maintain regulatory gaps exposing crypto users to risks similar to the FTX collapse. The Act aims to clarify oversight by sharing authority between...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
The XRP Ledger's fixCleanup3_2_0 amendment has entered its final two-week activation countdown after securing 85.71% validator support, surpassing the required 80% threshold. This upgrade bundles multiple protocol fixes for lending, permissioned doma...
XRP has risen 5% recently and is testing resistance at $1.13 amid a potential inverse head and shoulders pattern signaling a 20% rally to $1.45. This bullish setup is supported by positive momentum indicators and hopes of a delayed Fed rate hike. How...
Paradex, a decentralized derivatives exchange, has integrated a Request for Quote (RFQ) engine that recently executed a $23 million XRP options block. This integration aims to enhance on-chain liquidity for XRP options by combining on-chain and off-c...
