⭐️In a pretty crazy twist and turn of events we're seeing XRP absolutely skyrocket and breakout with this morning's announcement on behalf of President Donald Trump with his Truth Social media platform announcing it had filed for a Crypto Blue Chip ETF with the SEC.
⭐️ The Blue Chip ETF proposal includes 70% holdings in Bitcoin, 15% in Ethereum, 8% in Solana alongside 5% in XRP and 2% in CRO which is from Crypto.com. This notably has led to the breakout with XRP that we're currently seeing with the crypto already up 12% since the day started and news broke out. It's still early morning too so we'll see how the market reacts as the day continues and traders wake up to the news.
⭐️The past few weeks have seen XRP stuck within this horizontal channel and constant tug a war between $1.90-$2.30 with this breakout and the last week signaling bullish optimism towards the crypto alongside news of the BNY-Mellon deal with BNY Mellon set to become the Custodian for Ripple's RLUSD Stable coin. And for those that don't know BNY-Mellon is America's oldest bank having been founded in 1784 and with an estimated $45.7 trillion in assets under custody and/or administration. To say in the least this is a big step for Ripple showing more institutional growth.
⭐️To note also is this as I'll show below on Bitcoin's chart:
⭐️ It's crazy to say but we've just seen Bitcoin form a new All-Time High at $118,100 alongside the Crypto Blue Chip announcement, more than likely with investors and institutions flocking to buy in before the ETF get's approved and likely in anticipation of a bullish shift.
⭐️ We've already seen the crypto space weather the storm through the last few weeks and months with everything that's happened from global escalations to all the new bills and changes in the government. Through thick and thin the crypto space has proved resilient and investors are taking note.
⭐️ Have to run for work but wanted to get a quick idea out there, especially since this news just broke out. Some pretty crazy stuff and I'll be watching these levels here to see if things continue or if the news has simply given us a breakout, regardless it's a win-win with all this news only pushing the directive and story towards crypto and digital assets for many. I'll attach a link below to an article on the Blue-Chip ETF for reference as well.
⭐️ Thanks so much as always and all the best till then, feel free to keep posted for more updates and ideas as we continue on this journey we've been riding the last few years already. It's been a lot but it's got much more to go. Let's keep at it and keep our heads up.
⭐️ Reference on Crypto Blue Chip ETF:
https://apnews.com/article/trump-media-crypto-etf-bitcoin-ripple-fb17cef26a8ff211a7a410cbdb8013fe
Best regards,
~ Rock'
⭐️ The Blue Chip ETF proposal includes 70% holdings in Bitcoin, 15% in Ethereum, 8% in Solana alongside 5% in XRP and 2% in CRO which is from Crypto.com. This notably has led to the breakout with XRP that we're currently seeing with the crypto already up 12% since the day started and news broke out. It's still early morning too so we'll see how the market reacts as the day continues and traders wake up to the news.
⭐️The past few weeks have seen XRP stuck within this horizontal channel and constant tug a war between $1.90-$2.30 with this breakout and the last week signaling bullish optimism towards the crypto alongside news of the BNY-Mellon deal with BNY Mellon set to become the Custodian for Ripple's RLUSD Stable coin. And for those that don't know BNY-Mellon is America's oldest bank having been founded in 1784 and with an estimated $45.7 trillion in assets under custody and/or administration. To say in the least this is a big step for Ripple showing more institutional growth.
⭐️To note also is this as I'll show below on Bitcoin's chart:
⭐️ It's crazy to say but we've just seen Bitcoin form a new All-Time High at $118,100 alongside the Crypto Blue Chip announcement, more than likely with investors and institutions flocking to buy in before the ETF get's approved and likely in anticipation of a bullish shift.
⭐️ We've already seen the crypto space weather the storm through the last few weeks and months with everything that's happened from global escalations to all the new bills and changes in the government. Through thick and thin the crypto space has proved resilient and investors are taking note.
⭐️ Have to run for work but wanted to get a quick idea out there, especially since this news just broke out. Some pretty crazy stuff and I'll be watching these levels here to see if things continue or if the news has simply given us a breakout, regardless it's a win-win with all this news only pushing the directive and story towards crypto and digital assets for many. I'll attach a link below to an article on the Blue-Chip ETF for reference as well.
⭐️ Thanks so much as always and all the best till then, feel free to keep posted for more updates and ideas as we continue on this journey we've been riding the last few years already. It's been a lot but it's got much more to go. Let's keep at it and keep our heads up.
⭐️ Reference on Crypto Blue Chip ETF:
https://apnews.com/article/trump-media-crypto-etf-bitcoin-ripple-fb17cef26a8ff211a7a410cbdb8013fe
Best regards,
~ Rock'
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