
XRP tests key support as traders eye new opportunities FXStreet
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<a href="https://www.cointribune.com/en/profile/" target="" class="">đ Discover our latest Read2Earn quests and earn by reading đ</a> <br><span><span><a href="https://www.cointribune.com/en/">Home</a></span> » <span><a href="https://www.cointribune.com/en/news/">News</a></span> » <span><a href="https://www.cointribune.com/en/news/crypto-news/">Crypto News</a></span></span><br>Canary Capital is moving closer to securing regulatory approval for its cryptocurrency investment products. On Friday, the firm filed an updated registration document with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP exchange-traded fund (ETF). The submission, titled Pre-Effective Amendment No. 2 to the Form S-1 Registration Statement, represents another step forward in the ongoing review process that could lead to final market approval.<br>According to the filing, the Canary XRP ETF will trade on the<a href="https://www.cointribune.com/en/cboe-bzx-submits-application-for-first-ever-xrp-etf/" target="_blank" rel="noreferrer noopener"> Cboe BXZ Exchange</a> using the ticker symbol XRPC. The fundâs main goal is to track the market value of XRP held by the trust, minus any operating expenses or related liabilities. Essentially, it aims to mirror XRPâs price performance through a traditional investment format.<br>The <a href="https://www.streetinsider.com/SEC+Filings/Form+S-1A+Canary+XRP+ETF/25444118.html" target="_blank" rel="noreferrer noopener">ETFâs valuation</a> will rely on a pricing reference designed by CoinDesk Indices, which acts as the benchmark provider. This index applies a 60-minute time-weighted average price based on the XRP-USD CCIXber Reference Rate, using transaction data drawn from several leading XRP trading platforms. The approach helps establish a fair and consistent benchmark for the trustâs XRP holdings by smoothing out price volatility and avoiding the influence of short-term price spikes.<br>Through this structure, investors can gain exposure to XRP without directly holding the cryptocurrency. Buying and selling shares of the ETF through a standard brokerage account removes many of the complexities and risks tied to self-custody, such as private key management and digital wallet security.<br>To safeguard its digital assets, Canary has partnered with Gemini Trust Company and BitGo Trust Company as custodians. These firms are responsible for securely storing the trustâs XRP and ensuring its protection. The updated document also confirms a reduced sponsor fee of 0.50%, reflecting a lower cost for investors compared to earlier drafts of the filing.<br>Alongside progress on its XRP product, Canary Capital has also<a href="https://www.sec.gov/Archives/edgar/data/2041869/000199937125015152/canary-s1a_101025.htm" target="_blank" rel="noreferrer noopener"> filed a new amendment</a> for its Canary Marinade SOL ETF, which centers on Solana. The filing notes that the ETF carries a 0.50% expense ratio and will allow investors to receive the full staking rewards generated from Solanaâs network, with no portion retained by the sponsor. This structure could make the product more attractive to those looking for both Solana exposure and additional returns through staking.<br>ETF analyst Eric Balchunas noted that Canary has filed Amendment No. 6 for the Solana ETF, a signal that the fund may be approaching its final approval phase. <br>While anticipation continues to build around both the XRP and Solana ETFs, recent investment inflows into these digital assets have eased. CoinSharesâ weekly report on digital asset fund flows, released on October 13, shows that:<br>Financial analyst Zach Rector believes that ETF authorization could provide a major price boost for XRP once the SEC completes its review. He <a href="https://x.com/ZachRector7/status/1975200998022082840" target="_blank" rel="noreferrer noopener">indicated that</a> <em>âafter this government shutdown ends the XRP ETFs are going live. We will be well on our way to double digits.â</em><br>At the time of writing, XRP was at $2.52, down 2% over the past 24 hours, while <a href="https://www.cointribune.com/en/tag/solana-sol-en/" target="_blank" rel="noreferrer noopener">Solana</a> was at $203, up about 3% during the same period.<br>Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.<br>Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses.<br>The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.<br>Receive the latest and best crypto news directly to your inbox<br>in daily, weekly, or special format, to stay updated at your own pace<br>Receive the latest and best crypto news directly to your inbox<br>in daily, weekly, or special format, to stay updated at your own pace<br><br><a href="https://news.google.com/rss/articles/CBMiqgFBVV95cUxNcHNxYmFLaEo5REl5dm9HYnZDM0NwdWhiZjZmV3RfOGY0OGc0TlJUTTZJbGJpOW1GZFhTNXM0d0xMcEZGMXJ0NlpOVXdIQnU0RGItSGFkWEJHUEZCM1ZoMk0zY3dsSnhKSmR1M3VRTTAtZW11S2IzYzkxWWZuMmx5Y29TemU2cEJQTmU4S0hIRFg4ZmlOZkZEVk54Y19rNG5tQUNDUVRPdGtRQQ?oc=5">source</a>
Home – Crypto Presales – Ripple Price Prediction: Remittix Being Called The Next XRP After Ripple Plunges Over 50% Within Hours
The latest Ripple price prediction comes after a devastating crypto market crash that erased over $19 billion in just 15 hours. Triggered by renewed USâChina trade tensions, the collapse sent shockwaves through the market, with Ripple plunging more than 50% in a single session.Â
As traders absorb the chaos, investors are turning to Remittix, a PayFi project that has already raised over $27.4 million from 678 million tokens sold at $0.1166 each, now being hailed as the next XRP thanks to its real-world financial use case and deflationary model.
Source: Kamran Asghar
The Ripple price prediction has turned uncertain following one of the most violent liquidations in crypto history. Within 30 minutes, XRPâs market capitalization collapsed from $161 billion to just $80 billion, making it one of the worst declines among top altcoins. Whale Alert reports that during the sell-off, more than 23.8 million XRP were moved to Binance, escalating the decline.
Following a brief rebound, the price of Ripple is currently trading near $2.58; however, analysts caution that a decline to $2.30 or lower is still likely unless it breaks above $2.60. Following a wider market sell-off that sent major cryptocurrencies like Ethereum and Bitcoin down double digits, the price collapse occurred. With $2.40 serving as the primary support zone, traders can expect ongoing volatility, according to the short-term price prediction for Ripple.
While Ripple price prediction reports signal more turbulence, Remittix is thriving. This PayFi-powered DeFi project is built for seamless global transactions, allowing users to send crypto directly to over 30 countries at low fees.Â
Its real-world application, combined with a CertiK audit and transparent tokenomics, has fueled rapid investor interest. Unlike XRP, which depends on centralized banking adoption, Remittix empowers individuals and businesses through a decentralized payments system that merges crypto and fiat on one rail.
The Ripple price prediction may remain clouded by regulatory risks and volatile trading, but Remittix stands out as a project with real staying power. Its PayFi infrastructure delivers instant cross-border transactions, appealing to freelancers, remitters, and global earners. Analysts predict that as DeFi and PayFi merge, Remittix could be the next 100x crypto, offering low gas fees, real-world utility, and strong investor confidence.Â
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
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Harvard Law School Bankruptcy Roundtable
By Nydia Remolina (Singapore Management University, Yong Pung How School of Law), Aurelio Gurrea-MartĂnez (Singapore Management University, Yong Pung How School of Law), and Daniel Liu (WongPartnership LLP)
The collapse of cryptoexchanges and the increasing use of cryptocurrencies in many corporate transactions have led to numerous discussions about the treatment of cryptocurrencies in insolvency. While much of the literature on insolvency and cryptoassets has primarily focused on the analysis of whether cryptocurrencies constitute property of the estate, our article, entitled âThe Treatment of Digital Assets in Insolvencyâ, seeks to provide a comprehensive analysis of the treatment of digital assets in insolvency.
The article starts by offering a general overview of the different types of cryptocurrencies available in the market and how the use of digital assets has evolved from facilitating payments to serving as a potential investment or for fundraising purposes through Initial Coin Offerings. Before embarking on the analysis of digital assets in insolvency, our article discusses how cryptoassets are classified from different angles, including law (particularly through the lens of property law and securities regulation), finance, and accounting.
When it comes to the treatment and implications of digital assets in insolvency, the article starts by discussing whether crypto-represented debt should count for the purpose of assessing whether debtors and creditors can initiate insolvency proceedings. It also examines the role and rights of the holders of cryptocurrencies in insolvency proceedings, and how the response to this question may affect key aspects of the procedure, including the fate of the insolvent firm. Given the volatility of cryptoassets, one of the most critical questions that arises in an insolvency proceeding is how cryptoassets should be valued, and how that valuation should be conducted depending on whether the cryptoassets constitute an asset or a liability for the debtor.
The article concludes by examining other controversial questions that often arise in insolvency proceedings of companies engaged in crypto activities, such as the custody, recovery and realization of digital assets. It also discusses how cryptocurrencies can be used to engineer creative restructuring proposals. To that end, the article highlights some innovative solutions adopted in reorganization procedures in various jurisdictions such as the United States and Singapore.
Click here to read the full article.
Categories: Cryptocurrency, International and Comparative, Reorganization
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By Francesco
Published: October 14, 2025|Last updated: October 14, 2025
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XRP is now trading around $2.43, but just a few days ago, on October 10, it plunged to $1.25.
That drop caught a lot of traders off guard. It was the lowest level we had seen since last November, almost a full year ago.
After such a dramatic move, the market often needs time to breathe.
Price action rarely continues straight up after this kind of manipulation. Typically, a period of accumulation follows, letting the market digest the shakeout and prepare for the next leg.
Despite that, XRP shows a high probability of moving higher from here.
The structure of the charts hints at upward momentum, but letâs not kid ourselves, nothing in crypto is ever guaranteed. The past few days reminded me of a time when I thought a coin was done falling, only to see it dive deeper before finally turning around.
This is the kind of volatility that keeps us on our toes.
Price could continue climbing, or it could retrace again to gather more liquidity. Both scenarios are possible. Watching where XRP finds support during these accumulation phases often tells you more than any headline or prediction ever could.
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Ultimately, weâre looking at potential, not certainty. XRPâs moves are unpredictable, and thatâs what makes the chart so interesting. The key is paying attention to both the extremes and the areas in between, understanding where liquidity sits, and respecting the patterns that form.
So yes, the short-term might be tricky. But in these moments, patience often pays off. The next few weeks could reveal whether XRP is ready for another surge or needs a little more time to stabilize.
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The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
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Francesco
My name is Francesco, I am a funded trader and I have a deep passion for forex, cryptocurrencies, and trading as a whole. I feel lucky, that I am able combine my skills with what I love. I'm very interested in factors driving price movements and enjoy uncovering the reasons behind them. My primary interests include Bitcoin, Altcoins, macroeconomics, and all related to trading.
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The cryptocurrency community is both excited and suspicious of XRP's recent surprise on the market, which was not a price explosion but rather an unprecedented 30% increase in on-chain activity. The market as a whole is still dealing with volatility and post-crash uncertainty, but XRP Ledger is now exhibiting a sharp increase in payments and transaction metrics that do not seem to be related to price movement.
Fakeout commencesÂ
In contrast to the previous weekly average, the number of successful transactions has increased to over 1.5 million per day, and the average number of transactions per ledger has abruptly increased to over 100 transactions per ledger, according to on-chain data. A significant increase in network activity is indicated by these metrics, which raises the possibility that either a coordinated fund transfer or extensive settlement testing is taking place behind the scenes.XRPUSDT Chart by TradingView">
But this surge is especially unusual because it is not resulting in a long-term increase in price. For a brief moment, XRP tried to rise above $2.60, but it was swiftly driven back down by strong resistance close to the 200 EMA (black line). The asset is still recovering from the devastating crash earlier this week that lost almost 30% of its value in a matter of days, and it is currently trading close to $2.04.
XRP remains enclosed
Technically, XRP is trapped in a tight consolidation range between the $2.70 resistance zone and the $2.20 support level. Despite being elevated, the volume pattern primarily shows speculative trading rather than actual accumulation, indicating that traders are still being cautious.
Either institutional players are repositioning ahead of a significant announcement, or whales are rearranging liquidity internally to create an artificial volume perception, all of which are suggested by the abrupt on-chain surge and stagnant price behavior. It is concerning in both situations that the spike occurred right after one of XRP's worst declines of the year.
Right now, everyone is watching XRPL's metrics. A deeper structural shift may begin if the transaction surge continues while the price stays flat, or it may be an indication that a significant event is developing below the surface.
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.