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Ripple currency market trend

XRP price rose 2% today to $0.5129 as the broader cryptocurrency market gained 3.5% in the past 24 hours. XRP’s move also comes amid an increase in leveraged long positions among large traders, including The long-short ratio on YiXing reached its highest level in more than a month this week.

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time：2024-02-18 14:15:27

Ripple is looking for a Cryptocurrency ETF Development Manager! Fox Reporter: XRP spot ETF will be launched first, followed by futures After 10 years of repeated rejections, the U.S. Securities and Exchange Commission (SEC) has finally approved a U.S. Bitcoin spot ETF. The decision sparked expectations for the launch of other cryptocurrency ETFs, including Ethereum and XRP. This website (120BTc.coM) will continue to pay attention to this development and provide investors with timely market analysis and information. Today, X account @3TGMCrypto discovered that Ripple is recruiting a senior manager in New York, who will be mainly responsible for promoting cryptocurrency-related ETF plans, which seems to mean that the company may apply for XRPETF. FoxBusiness reporter: Futures ETF is a preparatory step for launching spot ETF. The community is interested in XRP futures ETF and spot ET.
Sources say BlackRock will not release XRP spot ETF, regulatory issues become the biggest problem After 10 years of repeated rejections, the U.S. Securities and Exchange Commission (SEC) has finally approved a Bitcoin spot ETF. The move has raised expectations for the launch of other cryptocurrency ETFs such as Ethereum and XRP. Recently, Fox Business Network (FBN) senior reporter Charles Gasparino reported that people familiar with the matter revealed that BlackRock, the world’s largest asset management company, currently has no plans to launch an XRP spot ETF. This news shows that although XRP is one of the important assets in the cryptocurrency market, BlackRock has no clear plans to launch an exchange-traded fund related to XRP. This news is great for XRP holders and investors,
Price increases on Korean exchanges: ETH, SOL, XRP, AVAX, ADA, etc. besides BTC join the kimchi effect According to data from Coinmarket, the Bitcoin price of South Korea's largest cryptocurrency exchange Upbit is currently 45,614, while the global average price is 42,783, a kimchi premium of approximately 6%. Past experience shows that the pickle premium is one indicator that the bull market is about to return. Not only Bitcoin, but also XRP, SOL, etc. have a pickle premium. According to Cryprice data, we can directly compare the pickle premiums of ETH, SOL, XRP, AVAX, ADA, etc. in addition to Bitcoin, and most of them are around 6%. The supply of Bitcoin and ETH increased by 4.03% and 4.69% respectively in 24 hours. This increased supply reflects South Korean investors’ optimism about the cryptocurrency market and has caused

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