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Cryptocurrency News Articles

Ripple (XRP) Takes Off Over Speculations of XRP ETF In 2025, DTX Exchange Launches ETF Trading Features, Investors Surge

Nov 29, 2024 at 03:00 pm

For the third week running, XRP places on the most visited and trending list. Demand for Ripple is currently high after chances for the approval of the XRP

Ripple (XRP) Takes Off Over Speculations of XRP ETF In 2025, DTX Exchange Launches ETF Trading Features, Investors Surge

Amidst market speculations, Ripple (XRP) is making headlines once again. As XRP continues to trend, market analysts are keeping a close eye on the potential impact of an ETF approval on the digital asset.

This news comes as DTX Exchange (DTX) hits $8.8 million in presale funding following the launch of its ETF trading feature. The platform is designed to combine the strengths of both centralized and decentralized exchanges while eliminating their drawbacks.

With both projects garnering attention, here's a closer look at the latest updates and how they might influence XRP's trajectory in 2025.

Ripple Surges on XRP ETF Speculations In 2025: A Closer Look

For the third consecutive week, XRP has remained on the most visited and trending lists. Demand for Ripple is currently high as speculations of an XRP ETF approval strengthened over the weekend.

Ripple CEO Brad Garlinghouse has been hinting at the inevitability of XRP ETFs, driven by the asset’s legal clarity following its classification as not a security. This optimism aligns with the Monday morning filing for an XRP ETF by WisdomTree, joining 21Shares and Canary Capital.

On November 27, Bitwise launched the Bitwise Physical XRP ETP (GXRP) with over $80 million in AUM to European investors. Ripple also partnered with Archax to launch the first-ever tokenized money market fund on the XRP Ledger.

This new development will unlock tokenized access to abrdn’s $3.8 billion liquidity fund for professional investors. Meanwhile, the price of Ripple’s XRP surged by 30% in the last week as the token approaches its resistance around $1.5.

With 17 green days in the last 30 days, XRP currently trades above its 200-day SMA. Analysts speculate that an ETF approval could propel XRP to break through significant resistance, potentially surging past its all-time high by a long shot.

DTX Exchange Launches ETF Trading Features, Investors Surging

In the same week, DTX Exchange has taken off after launching an ETF trading feature, which effectively links Ripple with the new DEX platform. DTX Exchange is gaining traction as a trading platform without all the limitations of both centralized and decentralized systems.

By adopting a non-custodial approach, users can truly own their assets and private keys, maxing out on what decentralization should be. Unlike most platforms, DTX Exchange provides more options on any market: cryptocurrencies, ETFs, financial instruments and tokenized real-world assets.

This single feature propelled the popularity of the platform, evident from the thousands of Phoenix Wallet downloads. With up to 1,000x in leverage options and support of AI trading tools, users can utilize even the tiniest of market movements.

DTX Exchange is oriented toward educational tools that would help novices understand the very basics of trading and professional traders fine-tune their strategy. By including on-chain data into education, DTX equips users with the power of making decisions based on the latest market and blockchain events.

The DTX token fuels the ecosystem, offering benefits to its holders. Currently priced at $0.1 per token, investors will gain access to loyalty rewards, staking opportunities, and the exclusive VIP Rebate Initiative which returns 3% of weekly profits to large holders. With $8.8 million already raised and a rumored 45x surge post-listing, the profit potential is significant.

News source:en.cryptonomist.ch

Disclaimer:info@kdj.com

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