{"id":624824,"date":"2025-02-07T12:12:45","date_gmt":"2025-02-07T12:12:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=624824"},"modified":"2025-02-07T12:12:45","modified_gmt":"2025-02-07T12:12:45","slug":"xrp-price-prediction-cboe-files-for-xrp-etfs-for-canary-capital-wisdomtree-21shares-and-bitwise-as-this-crypto-wallet-ico-hits-9-2-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-cboe-files-for-xrp-etfs-for-canary-capital-wisdomtree-21shares-and-bitwise-as-this-crypto-wallet-ico-hits-9-2-million","title":{"rendered":"XRP Price Prediction: Cboe Files For XRP ETFs For Canary Capital, WisdomTree, 21Shares And Bitwise As This Crypto Wallet ICO Hits $9.2 Million"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The XRP price dropped 3% in the last 24 hours to trade at $2.37 as of 11:20 p.m. EST on trading.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Ripple token fell even after Cboe BZX Exchange filed 19b-4s on behalf of Bitwise, 21Shares, WisdomTree, and Canary Capital to list and trade spot XRP ETFs (exchange-traded funds).<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680;BREAKING : WisdomTree, Bitwise &amp; 21Shares JUST filed <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> ETFs with CBOE. <a href=\"https:\/\/t.co\/7EfxwaieT8\">pic.twitter.com\/7EfxwaieT8<\/a><\/p>\n<p>&mdash; Armando Pantoja (@_TallGuyTycoon) <a href=\"https:\/\/twitter.com\/_TallGuyTycoon\/status\/1887711031994036508?ref_src=twsrc%5Etfw\">February 7, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The 19b-4 filing always comes as the second part of a two-step process for proposing a crypto ETF to the US Securities and Exchange Commission (SEC).<\/span><\/p>\n<h2><b>XRP Price Aiming For A Rebound<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\"><span style=\"font-weight: 400;\">XRP price<\/span><\/a><span style=\"font-weight: 400;\"> chart exhibits a well-defined Elliott Wave pattern, currently in its fourth wave correction. A potential fifth wave (Wave 5) is projected to follow, targeting new highs. The Ripple token price is currently testing support levels, with a possible reversal in sight.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 50-day Simple Moving Average (SMA) at $2.62 is currently acting as dynamic resistance. The price is trading slightly below this level, indicating short-term weakness but potential for a bullish breakout if reclaimed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the 200-day SMA at $1.31 remains far below the current price, signaling an overall long-term uptrend, according to <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xd15b00e81f98a7db25f1dc1ba6e983a4316c4cac\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\"> data.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) (14) is at 36.06, which is approaching the oversold region (below 30). This indicates that XRP is near a potential reversal zone, as selling pressure might be exhausted.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given the Elliott Wave structure and the current technical indicators, the price of XRP is likely to bounce back. The price of the Ripple token is testing the $2.30-$2.40 support zone, which could act as a strong base for the next upward move.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If XRP holds above this level and the RSI starts to recover, it could initiate Wave 5, targeting $3.50-$4.00 in the coming weeks.<\/span><\/p>\n<figure id=\"attachment_624826\" aria-describedby=\"caption-attachment-624826\" style=\"width: 1637px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-624826\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-07_07-20-41.png\" alt=\"XRP Price Chart Analysis Source: GeckoTerminal\" width=\"1637\" height=\"676\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-07_07-20-41.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-07_07-20-41-300x124.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-07_07-20-41-1024x423.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-07_07-20-41-768x317.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-07_07-20-41-1536x634.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><figcaption id=\"caption-attachment-624826\" class=\"wp-caption-text\">XRP\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, if the XRP price breaks below $2.30, it may further correct toward $2.00 or lower, invalidating the immediate bullish outlook.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the meantime, investors are flocking to the presale for <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Best Wallet (BEST)<\/span><\/a><span style=\"font-weight: 400;\">, which according to ClayBro, a popular YouTuber with over 136K subscribers, is one of the best crypto wallets for 2025.<\/span><\/p>\n<p><iframe title=\"BestWallet Named Top 5 Crypto Wallets For 2025! Best Token Could Soar!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/vcq5uCbXyWA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><b>Best Wallet Presale Closes On $10 Million<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Best Wallet presale has just crossed the $9.2 million presale milestone, and it is easy to see why. With a user-friendly design, advanced features, and high staking rewards, many see the project as the future of crypto wallets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unlike MetaMask, which is primarily Ethereum-focused, or Trust Wallet, which is great for beginners, Best Wallet supports over 60 blockchains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That means you can manage everything from the top altcoins to the latest up-and-coming tokens in one place.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Fastest Growing Wallet in Crypto!<\/p>\n<p>In a crowded market, Best Wallet delivers the tools you need to gain an edge. &#128640;<\/p>\n<p>1&#65039;&#8419; Exclusive alpha on new projects.<br>2&#65039;&#8419; Buy and claim tokens in the app.<br>3&#65039;&#8419; Manage all your assets across multiple chains in one place.<\/p>\n<p>This is why the Best&hellip; <a href=\"https:\/\/t.co\/AT4yos1CmG\">pic.twitter.com\/AT4yos1CmG<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1873685508938670325?ref_src=twsrc%5Etfw\">December 30, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Among the many features offered, one stands out: the &ldquo;Upcoming Tokens&rdquo; section. This feature helps users discover promising projects that are still in the early stages.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project&rsquo;s success in identifying promising projects is clear. It&rsquo;s identified early tokens including <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Pepe Unchained (PEPU)<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/catslap\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Catslap (SLAP)<\/span><\/a><span style=\"font-weight: 400;\">, meme coins that delivered 500% and 3,000% gains, respectively, for early investors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors can also stake BEST tokens for a huge 185% annual return. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, BEST tokens are priced at $0.0239. <\/span><span style=\"font-weight: 400;\">Those interested in joining the project should buy $BEST before a price hike in less than 2 days.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Purchase BEST on its official website here.<\/span><\/a><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/eric-trump-says-buy-bitcoin-as-wall-street-pepe-presale-soars-past-70m-only-10-days-left-may-sell-out-sooner\"><span style=\"font-weight: 400;\">Eric Trump Says Buy Bitcoin As Wall Street Pepe Presale Soars<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/which-meme-coins-hold-the-biggest-potential-for-gains-during-market-dips\"><span style=\"font-weight: 400;\">Which Meme Coins Hold the Biggest Potential for Gains<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-drops-3-as-analyst-says-rally-to-10-still-possible-and-this-innovative-crypto-index-might-be-the-best-meme-coin-play\"><span style=\"font-weight: 400;\">DOGE Drops 3% As Analyst Says Rally To $10 Still Possible<\/span><\/a><span style=\"font-weight: 400;\">&nbsp;<\/span><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - Manage Your Crypto<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Our Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/nextgen-avtar-1.svg\" alt=\"Best Wallet\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Access DeFi and Web3 Dapps Across Multiple Chains<\/li>\n                                                                                                    <li>Comes With Your Own OpenAI Powered Chat Bot Assistant<\/li>\n                                                                                                    <li>Get Early Access to Upcoming Token Launches &amp; 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The Ripple token fell <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/best-wallet\" title=\"Best Wallet\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":624827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-624824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Price Falls 3% As This Crypto Wallet Token Raises $9.2M<\/title>\n<meta name=\"description\" content=\"The XRP price tumbled 3% even as more top fund managers filed for XRP ETFs, but this crypto wallet token surged past $9.2 million in presale.\" \/>\n<meta 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$9.2M\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/624824#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/624824#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/1721188929863_optimized-2.jpg\",\"datePublished\":\"2025-02-07T12:12:45+00:00\",\"dateModified\":\"2025-02-07T12:12:45+00:00\",\"description\":\"The XRP price tumbled 3% even as more top fund managers filed for XRP ETFs, but this crypto wallet token surged past $9.2 million in 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