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>>XRP Price Outlook: New XRP ETF Launches on NYSE, Wall Street Poised to Inject Billions.

XRP Price Outlook: New XRP ETF Launches on NYSE, Wall Street Poised to Inject Billions.

crypthub

about 8 hours ago

XRP ETF Launch

Bitwise introduced an exchange‑traded fund for XRP on the NYSE under the ticker $XRP. Within hours the fund attracted $100 million in assets, adding to Bitwise’s existing Physical XRP ETP that manages about $230 million. The new product gives investors a regulated way to gain spot exposure to the altcoin. Its debut coincides with heightened interest from Wall Street in XRP’s payment‑network potential.

Market Context & Price Outlook

The crypto market is currently under pressure after the Federal Reserve signaled a shift in its interest‑rate outlook. XRP fell 10 % to around $1.80, breaking a key trend line and approaching the $1.77 level seen in the October flash crash. Momentum indicators are oversold, with the RSI near 24, a level that often precedes short‑term rebounds. Analysts suggest that a double‑bottom formation could lift XRP toward $2.30, a roughly 21 % recovery.

Emerging Crypto Tools

Best Wallet Token ($BEST) expands the Best Wallet ecosystem with early‑access presales, low‑fee swaps, and a built‑in DEX covering 60+ blockchains. The token also supports upcoming features such as the Best Card for everyday crypto spending. With $17 million raised, the presale ends in seven days, offering traders a new utility layer alongside assets like XRP.