{"id":582730,"date":"2024-10-02T14:39:54","date_gmt":"2024-10-02T14:39:54","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=582730"},"modified":"2024-10-02T14:39:54","modified_gmt":"2024-10-02T14:39:54","slug":"xrp-price-plunges-6-as-bitwise-files-for-an-xrp-etf-and-top-analyst-says-this-new-ico-might-be-the-best-meme-coin-ever","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-plunges-6-as-bitwise-files-for-an-xrp-etf-and-top-analyst-says-this-new-ico-might-be-the-best-meme-coin-ever","title":{"rendered":"XRP Price Plunges 6% As Bitwise Files For An XRP ETF And Top Analyst Says This New ICO Might Be The Best Meme Coin Ever"},"content":{"rendered":"
The XRP price <\/span>plunged<\/span><\/a> more than 6% over the past 24 hours to trade at $0.5871 as of 7:32 a.m. as investors offload their holdings in the crypto on the market.<\/span><\/p>\n The Ripple token’s correction comes after Bitwise filed for a <\/span>spot XRP ETF<\/span><\/a> (exchange-traded fund). Although this is a bullish development for the altcoin, it does not guarantee that the crypto index fund manager will submit an application for a spot XRP ETF with the US Securities and Exchange Commission (SEC).<\/span><\/p>\n <\/p>\n 4-hour chart for XRP\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\nThe XRP Price Testing A Key Support<\/span><\/h2>\n