🔊🔊🔊An interview with Ripple's CEO about the effect of spot ETFs on the cryptocurrency market

🔊Spot BTC ETF clearance is "a very big deal," according to Ripple CEO in an interview with Fox Business. He goes on to say that this shows that institutions and the US Securities and Exchange Commission (SEC) recognize crypto.

🔊The Ripple CEO points out that ETFs have brought more institutions into the crypto asset market, acknowledging that crypto has remained on the periphery of financial markets.

🔊Garlinghouse went on to explain how Ripple helps international banks by providing them with blockchain solutions and technology. What began as a low-cost and quick way for banks to settle cross-border payments has evolved into something much more.

🔊The climbing trendline, which had been supporting XRP's rebound surge, is no longer providing support to the Ripple price. It is quite probable that the XRP price will continue its 3% down, reaching the $0.5442 support level, as the RSI remains below 50 and continues its downward trend.

🔊Weak indicators like the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) point to a potential decline.

🔊If things go south, the $0.5442 support may be breached and Ripple's price might go all the way to the Fair Value Gap (FVG) which is between $0.4927 and $0.5111. #TrendingTopic #TradeNTell #xrp #BTC