The #CryptoNewss for the XRPArmy - Hereโs the key information for you! ๐
โ MEMX, a securities exchange located in the U.S., has filed a request with the Securities and Exchange Commission (SEC) to gain approval for an #XRP exchange-traded fund (ETF). This proposed ETF is designed as a โCommodity-Based Trust,โ similar to the structures already in place for Bitcoin and Ethereum ETFs. In contrast to Grayscale, which aims to transition its XRP Trust into an ETF. ๐
โ On February 10, 2025, the Memx Exchange application was formally filed with the SEC. This filing follows the SEC's recent acknowledgment of a comparable proposal from Grayscale Investments to include an XRP ETF in its expanding portfolio of crypto-related funds. ๐
โ Polymarket data indicates a 78% likelihood of XRP ETF approval occurring soon. ๐
โ This situation underscores the growing interest from institutional investors eager to engage with the market through regulated investment options. ๐ช
๐คWhat exactly is Memx Exchange? Hereโs an interesting summary!
โ MEMX, short for Members Exchange, is a member-owned and technology-driven exchange operator established in 2019 by a consortium of nine leading financial organizations, including Bank of America Merrill Lynch, Charles Schwab, Citadel Securities, E*TRADE, Fidelity Investments, Morgan Stanley, TD Ameritrade, UBS, and Virtu Financial. โ
โ The exchange was created to enhance competition, improve operational transparency, reduce fixed costs, and simplify equity trading in the U.S. โ
โ MEMX launched its equities trading platform on September 21, 2020, initially listing seven symbols and expanding to all National Market System (NMS) listings by September 29, 2020. โ
๐Reviewing Monthly Cycles from Previous Years!
โ In history, February has not been a great month for XRP. It doesn't attract attention like other months do. Some years have seen good results, but many have ended in losses. ๐ค
โ This report looks at how XRP performs each month over the years, comparing each month to the one before to find any repeating patterns. โ
โ XRP in 2023,
๐ January increase of +20%.
๐ February decline of -7%.
๐ March increase of +43%.
โ XRP in 2024,
๐ January decline of -18%.
๐ February increase of +17%.
๐ March increase of +7%.
โ XRP for 2025,
๐ January increase of +46%.
๐ February decline of -20%.
๐ March has consistently proven to be a strong month for XRP, showcasing many important upward movements: ๐ช
๐ In 2021, +37%. โ
๐ In 2022, +4%. โ
๐ In 2023, +43%. โ
๐ In 2024, +7%. โ
โ Conclusion: Predictions for XRPs in March 2025 are optimistic for swing and mid-term trading. Past data shows that this month usually sees significant price rises. โ ๐๐
๐Price Predictions of XRP for this week:
โ In a Bullish Trend Scenario, if $XRP successfully breaks through the $2.85 resistance, it could rally towards $3.00 and possibly even reach $3.40, provided the upward momentum remains strong. ๐๐๐ฅ
โ In a Consolidation Trend Scenario, should $XRP find it difficult to surpass the $2.80 mark, it may remain stuck between $2.55 and $2.80, waiting for a trigger to spark movement. This could happen if profit-taking becomes more prevalent or if the overall market sentiment turns sour. ๐โ
โ In a Bearish Trend Scenario, a drop below $2.50 could lead XRP to test lower support levels around $2.40 or even $2.00. However, this outcome seems unlikely given the current positive indicators. ๐๐ง
Letโs keep a close eye on XRP this week to determine whether it can maintain its upward trajectory or if it might encounter a setback! ๐ง๐
๐คUncover More Facts and Details about XRP ETFs available for you here: ๐
โ Grayscale, Billion Dollar Giant has filed the application for XRP ETF!
โ SEC Acknowledges Grayscale XRP ETF!
โ 21Shares applied for XRP ETF!
โ SEC Acknowledges 21Shares XRP ETF!
โ RexShares applied for XRP ETF!
โ CoinShares applied for XRP ETF!
โ Wisdom Tree applied for XRP ETF!
โ Canary Capital applied for XRP ETF!
โ Bitwise was the Pioneer in filing for XRP ETF! Is Bitwise the 1st one to get ETF approval?
๐คFor ALL the Newbies โ The ALL-IN-ONE HANDBOOK for BEGINNERS! ๐
๐จAttention: Please keep in mind that cryptocurrency investments and trades always come with risks, and market conditions can change quickly! ๐
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#XRPPredictions #XRPGoal #XRPRealityCheck
