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Today, crypto analyst Ali Martinez shared a chart on X showing that whales have acquired 60 million XRP in the last 24 hours. Given the amount spent, this is a strong indicator of institutional and large-scale investor confidence in XRP’s future performance. XRP has been quite the topic in the crypto world due to the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) over the classification of XRP. Everyone’s on their toes waiting on what will happen next as the SEC scheduled a closed meeting on February 20. However, some progress has already been made. For instance, on February 13, 2025, the SEC acknowledged applications from asset manager Grayscale to list and trade an XRP exchange-traded fund (ETF). This acknowledgment initiates a review process and is seen as a positive signal, suggesting the SEC’s potential openness to regulated XRP investment vehicles. This has led to speculation that the agency may reconsider its position in the ongoing lawsuit against Ripple. Some analysts interpret these moves as indications that the SEC might withdraw its appeal, potentially leading to a resolution of the case. Following these developments, XRP experienced notable price movements. The cryptocurrency saw a 9.1% increase, reaching just under $2.73, driven by optimism surrounding the potential ETF approval. Currently, XRP is sitting at $2.71 according to CoinMarketCap . Related: Ripple CEO: XRP ETF Approval “Inevitable” – Analyzing Potential XRP Price Reaction To recap, the SEC filed a lawsuit against Ripple Labs, Inc. in December 2020, alleging that Ripple conducted an unregistered securities offering by selling XRP tokens worth over $1.3 billion. The SEC claimed that XRP was a security, and Ripple violated securities laws by selling it without proper registration. Ripple, on the other hand, argued that XRP is not a security and should be treated like Bitcoin (BTC) or Ethereum (ETH), which the SEC has classified as commodities. There have been a lot of developments over the years, and the case reached a partial resolution in August 2024 where Ripple was ordered to pay a $125 million civil penalty for the unregistered institutional sales – significantly less than what was initially sought by the SEC Related: Ripple and Galaxy Loaned MoonPay $160M On the Weekend TRUMP Launched The court determined that XRP may be considered a security under certain circumstances, specifically when issued to institutional investors. Nonetheless, the ruling also suggests that XRP may not be classified as a security when used for transactions or traded on cryptocurrency exchanges. The SEC has appealed the court’s decision in the Ripple case, potentially dragging the legal battle for a longer duration. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The post Time to Buy Cardano (ADA), Says Expert appeared first on Coinpedia Fintech News The recent price drop across the cryptocurrency landscape seems to be attracting investors and traders, who view it as an ideal buying opportunity. Amidst this price and market uncertainty, whales appear to be betting on ADA, the native token of the Cardano blockchain, as reported by the on-chain analytics firm Coinglass. $10 Million Worth ADA Outflow Data from spot inflow/outflow reveals that exchanges have witnessed a significant $10 million outflow of ADA in the past 48 hours, indicating potential accumulation and a perfect example of a “buy the dip” opportunity. Source: Coinglass In the current market situation, such a substantial outflow from exchanges can create buying pressure and drive further upside momentum. On the other hand, traders holding long positions seem to be dominating ADA’s current market sentiment. According to data, despite the bearish pattern today, intraday traders with long positions are currently in control and are over-leveraged at $0.76, holding $2.05 million worth of long positions. Source: Coinglass Conversely, at $0.779, traders holding short positions are over-leveraged, with $1.13 million worth of short positions. When combining these on-chain metrics, it appears that bulls are currently dominating and seem to be supporting ADA in its next move. Buy Signal for ADA, Says Expert This bullish sentiment among investors aligns with that of prominent crypto experts who recently made a bold prediction on X (formerly Twitter). In a post on X, the expert noted that ADA looks ready to rebound, as the key technical indicator TD Sequential flashes a buy signal for the token. #Cardano $ADA looks ready to rebound, as the TD Sequential indicator flashes a buy signal on the 4-hour chart! pic.twitter.com/wZvfpl3QDk — Ali (@ali_charts) February 16, 2025 Despite these bullish on-chain metrics, ADA is currently trading near $0.77 and has experienced a price drop of over 2.35% in the past 24 hours. However, during the same period, its trading volume dropped by 15.5%, indicating lower participation from traders and investors compared to the previous day.

The post XRP Price Prediction: Will XRP Price Rise Above $3 or Remain Within a Range Bound This Weekend? appeared first on Coinpedia Fintech News In the past few months, the XRP price has displayed huge bullish momentum after breaking out of the prolonged consolidation. In the times when the token was speculated to be dead, it underwent a 500% jump followed by a 30% correction. Meanwhile, the price has triggered a strong recovery after encountering a bearish start to the month, which hints towards a reversal is fast approaching. In a recent update, the SEC acknowledged the filing for the 21Shares spot XRP ETF, highlighting the growing institutional interest in the third largest token amid the regulatory development. As a result, the XRP price experienced a 10% surge influenced by ETF approval news and increased utility via real-world assets on the XRP ledger. Now that the SEC is reviewing Grayscale’s proposals for XRP & DOGE ETFs, will this news push the token above $3.2? XRP Price Analysis: Will XRP Price Reclaim $3? The XRP price has increased by over 15% in the last seven days, rising from $2.30 to $2.80, while a breakout from the upper range was required to continue to maintain a strong upswing. The price marked daily highs above the range but failed to sustain displaying the weakness among the bulls, which may raise some concerns but only in the short term. As per a popular analyst, ALI, the price may undergo a small correction in the short term as the TD sequential indicator flashes a sell signal after a 22% price surge. In the short term, the XRP price is struggling hard to rise above $2.8 and as the bullish strength appears to have faded, the token may drop to the support, which acted as a strong resistance before. Besides, the stochastic RSI is also decremental, which supports a bearish narrative. Hence, a small pullback to $2.5 seems to be imminent during the upcoming weekend. The SEC’s consideration of the XRP ETF marks a significant milestone in Ripple’s legal journey, potentially boosting adoption and institutional attention. On the other hand, many experts predict XRP may soon replace Ethereum in the coming days, as the latter is struggling due to inflation and centralization. Hence, making XRP a strong contender to be the second-largest token after Bitcoin. Therefore, the future outlook of XRP remains bullish regardless of the interim shortfalls.

TL;DR XRP briefly surpassed $2.80, driven by the SEC’s acknowledgment of 21Shares’ XRP ETF application. Analysts predict further gains, with targets ranging from $2.94 to $3.03 if the price maintains momentum above key support levels. The Rally Goes on Ripple’s XRP has been at the forefront of gains in the past few days, outperforming most cryptocurrencies from the top 20 club. Its price charted another 8% increase on a 24-hour scale, briefly rising to a two-week high of $2.82 (per CoinGecko’s data) before slightly retracing to the current $2.76. XRP Price, Source: CoinGecko The US SEC’s decision to acknowledge 21Shares’ application to convert its XRP Trust into an exchange-traded fund (ETF) is the most likely factor fueling the pump. Earlier this month, the securities regulator acknowledged a similar proposal filed by the world’s biggest digital asset manager – Grayscale. The aforementioned developments mean the SEC has officially received the applications and started a formal review process, which usually lasts up to 240 days. In the end, the watchdog must either approve or deny the ETF filings. A potential green light would give investors additional options to gain exposure to XRP’s price movements, providing a level of protection and oversight. It also removes the burden of having to buy, store, or secure the cryptocurrency directly. Meanwhile, a possible approval could also indicate that the SEC has embraced an entirely different approach toward the digital asset industry. Recall that the agency was not that friendly during Gary Gensler’s tenure, filing countless lawsuits against crypto businesses such as Ripple. The former Chairman resigned on January 20 and was succeeded by Mark Uyeda, who seems much more open to innovation and positive toward the cryptocurrency industry. XRP’s Next Potential Targets According to multiple market observers, the asset’s price has much more room for growth. The X user CRYPTOWZRD noted that XRP closed the previous day “strongly bullish,” expecting a further uptrend toward the $3.03 resistance target and beyond. Others who recently contributed include Ali Martinez and EGRAG CRYPTO. The former predicted a rise to $3 as long as the price held steady above $2.30. The latter suggested that “a strong close” above $2.75 could result in a local high of $2.94. “Remember, anything below $3.40 is merely noise in the market,” the analyst added. The post Ripple (XRP) Price Explodes to Two-Week High: Here’s Why appeared first on CryptoPotato.

Around 12% increase for XRP in the last 24 hours With the current price of $2.74, analysts believe it might hit $3 soon The SEC has acknowledged Grayscale’s filing to convert its XRP Trust into a spot ETF, initiating the formal review process. Lately, there’s been some real excitement around XRP. The cryptocurrency’s price popped over 12% since yesterday, and people are talking. Naturally, this sparked all kinds of speculations about how high it can go, with the current price standing at $2.74. Ali Martinez, a well-known crypto analyst, shared two interesting posts on X accompanied by charts. He believes that XRP’s potential for a price surge towards $3 hinges on maintaining a price above the $2.30 level. Today, he shared a chart, showing that XRP is demonstrating a rebound from its channel’s lower boundary, gaining upward momentum toward the $3 price target which may happen in the near future. Related: XRP Price “Ready to Roll”? Analyst’s Chart Sparks Debate Over $15 Target Short-Term & Long-Term XRP Price Predictions It’s hard to say whether that will be tomorrow, but some analysts believe a more realistic scenario for XRP is to be … The post XRP Surges 12%: Is $3 Price Target Next? Analyst Weighs In appeared first on Coin Edition.