XRP Prices Surge 5% Following SEC's Approval of ProShares ETFs; AI-Powered OnlyFans Rival Secures $300K in Pre-Sale Funding
🤘 XRP's ETF Approval, but not what you might think!
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The XRP price soared 5% in the last 24 hours to hit $2.29, courtesy of a 65% surge in trading volume to $4.25 billion. This bullish move was sparked by the US Securities and Exchange Commission (SEC) greenlighting three of ProShares' futures XRP ETFs (exchange-traded funds).
💥 $XRP ETFs Now Legal!. But it ain't the Spot ETF you're imagining. It's a Futures ETF!
🤔 What's the difference though?
A Spot ETF buys and holds real XRP, creating real demand and tracking XRP's spot price. On the other hand, a Futures ETF invests in XRP futures contracts, only betting on its price without purchasing any actual tokens.
💰 This new Futures ETF won't directly drive up XRP's price (yet). But it still puts XRP in the spotlight, pushing the token up the CoinMarketCap's trending list!
XRP's Current Status 📈
The coin's gain, combined with the excitement of the ETF news, sent XRP soaring. It hit a resistance at $2.30 then corrected down to $2.22, but it's back on the rise now.
📊 Check out XRP/USDT chart analysis on TradingView
🚀 With its Bollinger Bands and RSI weaving a bullish story, don't count XRP out just yet!
However, after the initial surge, the RSI has fallen back, telling us that the coin's price may face another rejection. As of now, XRP is just under that resistance once again, waiting to see if a strong catalyst keeps pushing it further up or it gets another price rejection.
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🔔 With XRP possibly getting crowded, it's not too late to hop onto the new SUBBD Token ICO bandwagon! This project aims to be the native cryptocurrency of the SUBBD platform—a fresh content-creator hub dedicated to solidifying connections between creators and their fans.
🤖 SUBBD is powered by AI, ready to tackle two major issues head-on. First, it'll handle the everyday management tasks that drain creators' time and focus, allowing them to reconnect with their fans.
🌐 Second, SUBBD's AI features will keep fans feeling engaged, fostering a strong and meaningful connection between creators and their followers. Join forces with over 2,000 top-earning creators who've already joined the platform, boasting a massive following of over 250 million fans!
💵 The SUBBD ICO has already raised over $282k and is approaching the $300k mark! Knowledgeable crypto enthusiasts like ClayBro, a YouTuber with over 136k subscribers, believe this project could disrupt a whopping $85 billion industry and skyrocket as it goes live!
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- Despite the approval of XRP futures ETFs, directly driving up XRP's price might not happen immediately, but it does keep XRP trending in finance news.
- The XRP price surge and ETF approval news have put XRP in a position to challenge other altcoins in the market.
- As XRP's trending status persists, investors might consider exploring other compatible alternatives like the SUBBD Token, which aims to be a native cryptocurrency for a content-creator platform.
- SUBBD Token's AI-powered features are designed to tackle time-draining management tasks and foster stronger connections between creators and fans, setting it apart from XRP and other established cryptocurrencies.
- The SUBBD ICO has already garnered significant attention from cryptocurrency enthusiasts, with ClayBro, a popular YouTuber, predicting that the project could disrupt a large industry and skyrocket in value.
