The U.S. Securities and Exchange Commission (SEC) has approved a new multi-crypto ETF by Grayscale, featuring XRP alongside several other digital assets.
Approval of ETF with XRP
The SEC's approval marks a significant moment for XRP and its investors. This ETF includes cryptocurrencies such as Bitcoin, Ethereum, Solana, and Cardano, making it the largest multi-token digital asset ETF in the world to date.
Market Reaction to ETF News
Following the ETF news, XRP’s price broke past the key resistance zone of $2.19, rising to $2.20. However, the token is now struggling to stay above this level.
Expert Opinions and Future of XRP
Analysts pointed out that XRP has pulled back to retest the $2.18–$2.16 zone. "This isn’t a breakdown yet," one analyst noted, but warned that losing the $2.16 level could send the price down to $1.90. Meanwhile, a recovery above the $2.25 mark may lead to further upward momentum.
With the approval of the new ETF, new opportunities open up for XRP, but investors should closely monitor price dynamics and market reactions to these changes.
