Altcoins News
By Maheen Hernandez
1 / 15
XRP Price Slips Amid Declining Market Activity. At the time of writing, XRP is hovering around $2.35, representing a 1.
2 / 15
Derivatives Data Signals Fading Confidence. Market sentiment is also weakening on the derivatives side.
3 / 15
SEC Postpones Verdict on 21Shares XRP ETF. On May 20, the SEC formally extension of the review period for the 21Shares Core XRP Trust.
4 / 15
Technical Indicators Show Mixed Signals. From a technical perspective, XRP’s current position offers no clear bullish or bearish signals.
5 / 15
What to Watch: Key Price Levels Ahead. For traders eyeing potential breakouts, $2.38 remains a key resistance level.
6 / 15
Outlook: Waiting for Regulatory Clarity. The delay in the SEC’s decision is not necessarily negative, but it has added another layer of…
7 / 15
XRP’s recent price rally has hit a pause, with the digital asset struggling to maintain momentum near a key support level of $2.35.
8 / 15
This development has contributed to a cooling of trader enthusiasm, reflected in both spot and derivatives markets.
9 / 15
At the time of writing, XRP is hovering around $2.35, representing a 1.4% drop over the past 24 hours and a more pronounced 8.3% decline over the past week.
10 / 15
Trading volumes also tell a sobering story. Over the last day, XRP recorded approximately $2.67 billion in spot trading volume, marking a significant 15.
11 / 15
Market sentiment is also weakening on the derivatives side. According to data from Coinglass, open interest in XRP futures contracts fell by 3.14%, down to $4.58 billion.
12 / 15
A decline in open interest often indicates that traders are closing positions instead of initiating new ones—a sign of reduced conviction in short-term price movements.
13 / 15
On May 20, the SEC formally extension of the review period for the 21Shares Core XRP Trust. This proposed ETF aims to track the performance of XRP using the CME CF XRP-Dollar…
14 / 15
The agency explained in its filing that the additional time is necessary to thoroughly evaluate whether the ETF complies with Section 6(b)(5) of the Exchange Act.
15 / 15
The new public comment window will remain open for 21 days, followed by a 35-day rebuttal period after publication in the Federal Register.
The Currency Analytics
Want the full story?