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Cryptocurrency News Articles
XRP (Ripple Coin) Investment Outlook Brightens With Brazil Approving Its First XRP Spot ETF
Feb 28, 2025 at 05:15 pm
XRP (Ripple Coin), the core digital asset of the Ripple network, has always been considered one of the most promising tokens.
The core digital asset of the Ripple network, XRP (Ripple Coin), has always been considered one of the most promising tokens among crypto enthusiasts. With a series of positive developments unfolding, the investment outlook for XRP is becoming increasingly optimistic.
As reported by CCXV, on February 19 2025, Ripple CEO Brad Garlinghouse announced on X (formerly Twitter) that Brazil’s securities regulator, CVM, has approved the country’s first XRP spot exchange-traded fund (ETF). At the same time, the U.S. Securities and Exchange Commission (SEC) confirmed it has acknowledged several XRP spot ETF applications, including filings from Bitwise, 21Shares, and Grayscale. The SEC has called for public comments on the filings within 21 days of their publication in the Federal Register, after which it will decide whether to approve, reject, or initiate further procedures.
This move opens up new market opportunities for XRP and could attract more institutional investors and capital inflows, potentially reshaping the cryptocurrency market.
For the past four years, Ripple has been engaged in a legal battle with the SEC. Recently, the SEC has signaled it may be dropping the case. The case, no longer listed on the SEC's website, was being handled by Tenreiro, who had accused the company of conducting unregistered securities offerings via XRP token sales. However, Tenreiro has now been reassigned away from cryptocurrency-related tasks, suggesting the case may soon be coming to a close.
Moreover, Ripple's business in the U.S. has experienced significant growth, supported by policies under the Trump administration. Since Trump's election, XRP's price has soared by over 300%.
Announcing a shift in focus, Ripple will be concentrating even more on cross-border payments and stablecoin integration as global demand for digital currency payments rises. XRP is poised to gain wider market recognition as a core technology for the payments industry. By 2025, it is expected that 80% of Japanese banks will adopt Ripple technology for international remittances and payments. SBI Group CEO Yoshitaka Kitao highlighted that XRP offers greater practical value for cross-border payments than Bitcoin.
As RippleNet's adoption increases, demand for XRP is set to rise, laying the foundation for future price growth.
BYDFi Supports Diverse Investor Profiles to Capture XRP Opportunities
One of the top three cryptocurrencies by market cap, XRP presents rich trading opportunities for investors, whether they’re looking for short-term fluctuations or long-term value appreciation.
One of the top three cryptocurrencies by market cap, XRP presents rich trading opportunities for investors, whether they’re looking for short-term fluctuations or long-term value appreciation.
Founded in 2020 and trusted by over 1,000,000 users worldwide, BYDFi is a Forbes-certified global top-10 crypto exchange that offers diverse trading features to cater to various investor needs.
Beginner or experienced, every trader can find tailored solutions in the BYDFi ecosystem to succeed in XRP trading.
For short-term investors, XRP's price volatility presents lucrative possibilities. By utilizing technical analysis and high leverage strategies, traders can amplify their returns. For instance, traders can capitalize on sudden price shifts during market openings or closings, employing technical indicators like MACD, RSI, and Bollinger Bands to identify optimal entry and exit points for maximal profit potential.
Those who see long-term potential in XRP can benefit from investment strategies designed to foster steady growth. A preferred approach among institutional investors, this strategy minimizes risk and maximizes efficiency for sustainable gains.
For seasoned traders, BYDFi provides an array of advanced tools and flexible strategies to optimize portfolio management. With support for various trading pairs and advanced charting functions, traders can craft diverse strategies like arbitrage, scalping, and grid trading to maximize their earnings potential.
Newcomers to the world of XRP can access a suite of easy-to-use tools and educational resources to help them gradually master crypto trading. From beginner-friendly tutorials to comprehensive guides on technical analysis and fundamental analysis, BYDFi offers the support needed to navigate the crypto markets with confidence.
Currently, BYDFi allows users to trade without the need for KYC verification, providing a convenient option for those seeking to maintain privacy. This feature significantly enhances its appeal to users concerned with privacy and data security.
Currently, BYDFi allows users to trade without the need for KYC verification, providing a convenient option for those seeking to maintain privacy. This feature significantly enhances its appeal to users concerned with privacy and data security.
Moreover, the platform offers new users benefits up to 8100 USDT, while VIP users can enjoy reduced trading fees.
For more details, visit BYDFi’s official website or download the BYDFi app.
About BYDFi
Founded in 2020 and trusted by over 1,000,000 users worldwide, BYDFi is a Forbes-certified global top-10 crypto exchange. The platform offers a variety of trading tools and is set to launch “MOONX,” an on-chain trading tool specifically designed for Memecoin
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