{"id":57545,"date":"2025-04-08T07:45:28","date_gmt":"2025-04-08T07:45:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=57545"},"modified":"2025-04-08T07:45:28","modified_gmt":"2025-04-08T07:45:28","slug":"ripple-xrp-news-april-8th","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=57545","title":{"rendered":"Ripple (XRP) News: April 8th"},"content":{"rendered":"

The past several days have witnessed some important developments surrounding Ripple. In the following lines, we will explore them and touch upon the latest price dynamics of its native token.<\/span><\/p>\n

The first XRP ETF in the US is on the <\/span>way<\/span><\/h2>\n

Earlier this week, asset manager Teucrium Investment Advisors revealed plans to launch the Teucrium 2x Long Daily XRP ETF (ticker: XXRP). The investment vehicle <\/span>received<\/span><\/a> the necessary green light from the New York Stock Exchange and is <\/span>expected<\/span><\/a> to go live today (April 8).\u00a0<\/span><\/p>\n

It is a 2x leveraged product designed to give traders double the daily price movement of the underlying asset. The company issuing the ETF <\/span>explained<\/span><\/a> that it is suitable for investors with \u201ca short-term high-conviction view on XRP prices.\u201d<\/span><\/p>\n

Teucrium also outlined that such developments could influence supply and demand for Ripple\u2019s cross-border token, but warned that usage growth is not guaranteed.<\/span><\/p>\n

\u201cDeclining usage could heighten volatility or lower XRP\u2019s price, negatively affecting the Fund,\u201d it concluded.<\/span><\/p>\n

Meanwhile, investors are waiting for the launch of a spot XRP ETF in America. The companies willing to introduce such an investment vehicle include Grayscale, Bitwise, 21Shares, Franklin Templeton, and others. <\/span><\/p>\n

Rumors of a potential partnership with Cardano<\/span><\/h2>\n

Several hours ago, Ripple <\/span>uploaded<\/span><\/a> a short video on X<\/span>, <\/span>predicting that tokenization could reshape global finance in the next years. <\/span>It<\/span> touched upon some important factors that may play a role in reaching that goal, but one particular element grabbed the attention of industry participants.<\/span><\/p>\n

The clip starts with a glimpse of Cardano\u2019s logo, which led some to <\/span>speculate<\/span><\/a> that the two entities might soon announce a collaboration.\u00a0<\/span><\/p>\n

This<\/span> is not the first time the two have <\/span>been rumored<\/span> to shake hands. Towards the end of last year, Ripple\u2019s CEO \u2013 Brad Garlinghouse \u2013 and Cardano\u2019s founder \u2013 Charles Hoskinson \u2013 <\/span>exchanged<\/span><\/a> kind words. Shortly after, the latter <\/span>hinted\u00a0<\/span><\/a>that Cardano might integrate Ripple\u2019s stablecoin \u2013 RLUSD \u2013 into its system.<\/span><\/p>\n

\u201cWe\u2019ve already had a call with the RLUSD people. We are actively talking,\u201d he stated at the time.<\/span><\/p>\n

XRP price predictions<\/span><\/h2>\n

The native token of Ripple witnessed a <\/span>major<\/span> decline at the start of the business week when the entire crypto market <\/span>nosedived<\/span><\/a>. XRP plummeted to approximately $1.65, a level last observed in November 2024. Nonetheless, the price rebounded from the local bottom and currently stands at around $1.87 (per CoinGecko\u2019s data).\u00a0<\/span><\/p>\n

Many analysts noted the revival<\/span>, making<\/span> interesting predictions for the short term.<\/span> The X user CRYPTOWZRD <\/span>believes<\/span><\/a> that moving above the $2 resistance level could ignite a rally to as high as $2.80.\u00a0<\/span><\/p>\n

\u201cHowever, if Bitcoin continues to cause trouble, XRP may still decline to the $1.5160 daily support target,\u201d they added.<\/span><\/p>\n

For their part, Crazy Buddha <\/span>thinks<\/span><\/a> the recent market pullback \u201cis just setting up for a stronger rally.\u201d The analyst claimed that XRP \u201cis <\/span>currently<\/span> forming a triangle consolidation pattern, and a trend shift is about to happen.\u201d<\/span><\/p>\n

Those willing to explore additional forecasts can <\/span>take a<\/span> look at our dedicated article <\/span>here<\/span><\/a>.\u00a0<\/span><\/p>\n

The massive whale transfer<\/span><\/h2>\n

Last <\/span>but not least<\/span>, we will mention the actions of an unknown large investor who recently <\/span>moved<\/span><\/a> 200 million XRP (worth over $370 million at current rates) to Binance.\u00a0<\/span><\/p>\n

Such transfers generally indicate that the whale is preparing to cash out, which could increase the selling pressure and negatively impact the asset\u2019s price.<\/span><\/p>\n

The post Ripple (XRP) News: April 8th<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The past several days have witnessed some important developments surrounding Ripple. In the following lines, we will explore them and touch upon the latest price dynamics of its native token. The first XRP ETF in the US is on the way Earlier this week, asset manager Teucrium Investment Advisors revealed plans to launch the Teucrium […]<\/p>\n","protected":false},"author":0,"featured_media":57546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57545"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57545"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57546"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}