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Reading: XRP Jumps 6% as Grayscale Launches Trust for XRP ETFs and ICOs[embed]https://www.youtube.com/watch?v=dgqdweQeJVI[/embed]
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Kriptoteka > Market > ETFs > XRP Jumps 6% as Grayscale Launches Trust for XRP ETFs and ICOs[embed]https://www.youtube.com/watch?v=dgqdweQeJVI[/embed]
ETFs

XRP Jumps 6% as Grayscale Launches Trust for XRP ETFs and ICOs[embed]https://www.youtube.com/watch?v=dgqdweQeJVI[/embed]

marcel.mihalic@gmail.com
Last updated: September 15, 2024 2:50 pm
By marcel.mihalic@gmail.com 6 Min Read
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<div wp_automatic_readability="100.26848750322">

        <div class="telegrame_cta_content"><div class="wrap" wp_automatic_readability="5.3142857142857"><div class="telegrame_cta_content_inr" wp_automatic_readability="28.342857142857"><p>Subscribe to our <u><a href="https://t.me/insidebitcoins" target="_blank" rel="noopener">Telegram </a></u>channel for the latest updates on breaking news</p>
</div></div></div><p><span style="font-weight: 400;">The price of XRP has increased by 6% over the past 24 hours </span><a href="https://www.geckoterminal.com/bsc/pools/0xd15b00e81f98a7db25f1dc1ba6e983a4316c4cac"><span style="font-weight: 400;">now trading at $0.5673</span></a><span style="font-weight: 400;"> as of 03:23 a.m. EST, with trading volume soaring by 112% to $1.8 billion.</span></p>
<p><span style="font-weight: 400;">This surge follows Grayscale's announcement of a new trust that provides accredited investors direct access to the XRP token. Unlike an ETF, this trust will mainly operate over the counter.</span></p>
<p><span style="font-weight: 400;">Nonetheless, some analysts believe the XRP Trust is another step towards the eventual approval of XRP ETFs.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="8.3828996282528">
<p lang="en" dir="ltr">Do people now understand why I've been saying that <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> is attracting institutional interest and <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> simply isn't?</p>
<p>This is just the start of significant <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> developments. The <a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw">#XRPArmy</a> will prevail.<a href="https://t.co/FnjxsLgNiN">https://t.co/FnjxsLgNiN</a></p>
<p>— BitBoy (@BenArmstrongsX) <a href="https://twitter.com/BenArmstrongsX/status/1834234923722371281?ref_src=twsrc%5Etfw">September 12, 2024</a></p></blockquote>

<h2><b>XRP Price Expected to Keep Rising</b></h2>
<p><span style="font-weight: 400;">Price movements for XRP since September 5 have created a rounding bottom formation, with bulls eyeing the $0.57 resistance based on GeckoTerminal data.</span></p>
<p><span style="font-weight: 400;">The token is currently above the 50-day Simple Moving Average (SMA), confirming an uptrend, while the 200-day SMA serves as immediate resistance at $0.5673.</span></p>
<p><span style="font-weight: 400;">Additionally, the Relative Strength Index (RSI) is currently in the overbought territory at 71, indicating that XRP is under substantial buying pressure and may be overvalued.</span></p>
<figure id="attachment_576380" aria-describedby="caption-attachment-576380" style="width: 1254px" class="wp-caption alignnone"><picture decoding="async" class="size-full wp-image-576380">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2.png.webp 1254w, https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2-300x122.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2-1024x415.png.webp 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2-768x311.png.webp 768w" sizes="(max-width: 1254px) 100vw, 1254px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2.png" alt="XRP Price Chart Analysis Source: GeckoTerminal.com" width="1254" height="508" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2.png 1254w, https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2-300x122.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2-1024x415.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2-768x311.png 768w" sizes="(max-width: 1254px) 100vw, 1254px"/>
</picture>
<figcaption id="caption-attachment-576380" class="wp-caption-text">XRPUSD Chart Analysis Source: GeckoTerminal.com</figcaption></figure>
<p><span style="font-weight: 400;">The analysis indicates that with XRP potentially undervalued, bullish momentum could drive the price up to $0.62.</span></p>
<p><span style="font-weight: 400;">However, if the bears apply pressure, the price might retreat to the $0.53 support level, which aligns with the 50-day SMA.</span></p>
<p><span style="font-weight: 400;">Meanwhile, investors are jumping on the newly launched ICO </span><span style="font-weight: 400;">Memebet Casino (MEMEBET Token)</span><span style="font-weight: 400;">, having already raised over $217k within just three days after a <a href="https://etherscan.io/tx/0xe54aeff279d2d6ab56b9d676cea86f1dcc1dd87ece04eaa5550b347f9efad285">whale purchased $50,000</a> worth of the token on Sept. 12.</span></p>
<p><span style="font-weight: 400;">Cryptonews, a well-known YouTube channel with over 10K subscribers, claims that the $MEMEBET Token could experience a 100X surge following its launch.</span></p>
<noscript></noscript>
<h2>Memebet Casino Raises Over $217K – Next Big Crypto Opportunity?</h2>
<p><span style="font-weight: 400;">Memebet Casino ($MEMEBET Token)</span><span style="font-weight: 400;"> is off to a promising beginning, having raised over $217K for this innovative Telegram-based betting platform, which uniquely allows betting with meme coins.</span></p>
<p><span style="font-weight: 400;">Slated for launch soon, Memebet Casino (MEMEBET Token) aims to transform the decentralized crypto casino landscape by utilizing $MEMEBET tokens alongside popular meme coins.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="6.3827160493827">
<p lang="en" dir="ltr">Not the casino we deserve but the casino we need 🎰 <a href="https://twitter.com/hashtag/MemeBet?src=hash&amp;ref_src=twsrc%5Etfw">#MemeBet</a> <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw">#Presale</a> &amp; <a href="https://twitter.com/hashtag/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw">#Airdrop</a> coming soon! 🚀 <a href="https://twitter.com/hashtag/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#Memecoins</a>, <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> gaming and beyond! 🎮🏆 <a href="https://twitter.com/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$COIN</a> <a href="https://twitter.com/search?q=%24DOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOG</a> <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw">#SOL</a> <a href="https://twitter.com/hashtag/RNDR?src=hash&amp;ref_src=twsrc%5Etfw">#RNDR</a> <a href="https://t.co/oR2xja6JFK">pic.twitter.com/oR2xja6JFK</a></p>
<p>— MemeBet (@Memebetcasino) <a href="https://twitter.com/Memebetcasino/status/1793673524747309446?ref_src=twsrc%5Etfw">May 23, 2024</a></p></blockquote>

<p><span style="font-weight: 400;">The platform also features an innovative play-to-earn model that rewards users who stake their tokens. Even if their bets don't succeed, they can still gain some rewards.</span></p>
<p><span style="font-weight: 400;">The more you wager with the MEMEBET Token, the greater your rewards. Early users can also benefit from an airdrop campaign by purchasing tokens during the presale and utilizing them once the casino launches.</span></p>
<p><span style="font-weight: 400;">To participate in the presale, buy $MEMEBET Token on the official website here for $0.025</span><span style="font-weight: 400;"> using USDT, ETH, or a bank card. With a price increase imminent, act quickly to secure the best rate.</span></p>
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