XRP ETF On the Cards, Casino's Native Token Seems Easy Money for Investors, SOL Stays Green

XRP's CEO is talking about an ETF launch while Solana forms a golden crossover on its daily chart. As the overall market sentiment turns positive, savvy traders are more interested in Rollblock's explosive presale that has already raised nearly $5 million in record time.

XRP’s price seems bearish despite CEO’s ETF claims, Solana forms a golden crossover on its daily chart.

XRP’s price has been greatly affected by its legal battle with the US SEC over the past year. Since XRP managed to regain its cryptocurrency status with the final court ruling, XRP’s price action has remained relatively positive. However, a recent analysis by CaptainAltCoin suggests that XRP’s price could soon crash by 15% despite the token’s impressive gains in 2023 so far.

To move forward from all the SEC drama, Ripple’s CEO Brad Garlinghouse is tipping at a potential XRP exchange-traded fund within the next few months. Speaking at the SALT Conference in New York, Garlinghouse expressed optimism over the SEC finally approving a spot Bitcoin ETF. He also added that XRP could be next in line for an ETF approval, suggesting that the SEC might approve an XRP ETF application in Q2 2023.

“I think you’ll see a spot Bitcoin ETF approved in the first half of next year. And then I think you’ll see other applications, whether it’s XRP or other tokens, come in right after that.”

However, Garlinghouse’s claims are purely speculative as the SEC has not yet provided any official updates on approving XRP or any other cryptocurrency ETF. Moreover, the SEC’s recent ETF rejections and enforcement actions suggest that the regulatory body is still hesitant about approving any cryptocurrency ETFs.

Despite Garlinghouse’s claims, XRP’s price has dipped by 4.90% over the last seven days. XRP is currently trading for $0.5185 after a small intra-day increase of 0.78%. XRP’s price seems bearish as the token trades below its Simple Moving Averages on the daily chart.

Solana’s Simple Moving Averages are getting closer to forming a golden cross on the SOL/USDT daily chart. Usually, a golden cross technical formation indicates bullish price momentum that could lead to a strong uptrend in the upcoming weeks.

Since Solana’s price has been trading in the green zone for the past seven days, the token managed to regain investor interest after a dull start to Q4 2023. Moreover, Solana’s Chaikin Money Flow indicator is also suggesting bullish dominance which means increased buying activity could push Solana’s price towards $200 in early November.

Solana is currently trading for $176.98 after a minor intra-day increase of 0.46%. Solana’s volume has also increased by 21.20% over the last 24 hours as more investors purchase Solana tokens ahead of the expected upward momentum.

Since Solana’s MACD level is also positive, Solana’s price could test the $186.23 resistance soon.

The above is the detailed content of XRP ETF On the Cards, Casino's Native Token Seems Easy Money for Investors, SOL Stays Green. For more information, please follow other related articles on the PHP Chinese website!