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Seven exporters updated XRP ETF files, in conjunction with the dismissal of the approved Ripple -sec case. Whale’s movements suggested that they expect altcoin to gather.
On August 22, many exporters modified a spot Xrp ETF files have been rejected and the Ripple -sec case has been rejected.
Seven exporters, including BitWise, Canary, Coinshares, Franklin Templeton, Grayscale, Wisdomtree, and 21shares, made modified S-1 modifications.
For his part, Bloomberg analyst ETF James Sevart I mentioned The updated deposits are likely to be due to the comments of the Securities and Stock Exchange Committee (SEC).
The update applauded as a “good sign”.
“Certainly due to the SEC reactions.
Nate Girassy, co -founder of the ETF Institute, too Confirm The block files as “noticeable” and “a very good sign”.
Source: x
Rulming a sealed field ripple case
The last upper update was the final chapter of the Ripple -sec case. The parties apply to obtain a joint bleeding to appeal, and the second circle consent This, further cleansing organizational hiccups once and for all.
Source: x
Besides, and CME XRP future Recently hit the highest standard level, and the Move market monitors have been marked to be mature to agree to Spot ETF.
In fact, the expectation of the approval of XRP ETF was very likely, as Bloomberg ETF analysts put 95 % possibilities by October.
A similar bullish mile was seen throughout the markets, especially at the end of August and September. according to AmberdataThe options traders targeted $ 4, which were the second most traded calls (Saudi bets) after Friday updates.
For all the graph, the most common tools were calls targeting $ 4 for the end of September and December. Does this mean that Altcoin will struggle to focus on $ 5 despite ETF?
Source: amberdata
Interestingly, the XRP price increased by 7 % from $ 2.7 to $ 3.1 on Friday, but it is clear that the sale pressure was silent, especially from the big players.
On the other hand, the whales chose to move from their XRP holdings from the stock exchanges, as shown in the whale whale to exchange transactions, confirming the direction of accumulation at the weekend.
Source: Cryptoquant
In other words, you expect XRP whales RumorSo he was not quick to lock profits from the height on Friday.
