A controversial Ripple-BlackRock conspiracy theory has been circulating on the X platform, suggesting that both entities have been collaborating on a tokenized global financial system, leveraging XRP infrastructure. Critics argue that the XRP lawsuit has been a central part of this non-coincident synergy. However, former SEC lawyer Bill Morgan dismantles this theory, arguing that the
Despite recent volatility, prominent analysts argue XRP’s technical setup is not bearish yet. They highlight specific price levels crucial for confirming the trend.
A technical evaluation of XRP’s recent 5-day chart adds context to these analyst views.
Analysts Remain Cautiously Optimistic About XRP Price
Veteran trader Peter Brandt highlighted a potential Head-and-Shoulders (H&S) pattern on XRP’s chart. This is traditionally a bearish indicator that signals a reversal from bullish to bearish if key support levels break.
However, Brandt emphasizes caution against premature bearish conclusions. He explicitly notes the importance of XRP maintaining support above $1.80.
Treat the Apr 7 overshoot as an out-of-line movement and we have a possible H&S top in $XRP For the sake of the uneducated trolls among you, this chart need NOT be interpreted as bearish Price is at support right now I will review if price closes below 1.8xxxx pic.twitter.com/YlsqLi2SzN
A decisive weekly close below that critical level would be needed to confirm a bearish scenario.
Meanwhile, analyst EGRAG CRYPTO provided a detailed bullish perspective using multiple technical indicators.
The Gaussian Channel is a volatility indicator used to identify trend strength and potential reversals. Closing within this channel boundary, around $1.75 currently, could signal weakening momentum and possible downward pressure.
Additionally, the 21-week EMA acts as a critical moving average that traders use to identify macro trends.
A close above the EMA level of $2.33 would signify strong bullish momentum.
Moreover, breaking above the resistance at $2.65 would confirm a robust long-term bullish trend.
EGRAG also applies Elliott Wave analysis, a technical approach that identifies repeating patterns (waves) in market prices to forecast potential targets.
Analyzing XRP Price with Elliott Wave Indicators. Source: X/EGRAG
Using Elliott Wave ratios, the analyst projects XRP could reach between $9 and $10 if the altcoin successfully completes its anticipated fifth wave, provided current support levels hold firm.
Short-Term Technical Analysis Supports Caution
XRP faced significant selling pressure as prices declined sharply towards $1.90, confirmed by the Accumulation/Distribution (A/D) line dropping notably.
The A/D line measures cumulative buying and selling pressure, and its decline indicates higher trading volume on price decreases, reflecting strong seller activity.
As XRP price reached support near $1.90, the A/D line stabilized and began a modest climb during the rebound, indicating renewed buyer activity.
XRP Accumulation/Distribution Chart Over the Past 5 Days. Source: TradingView
Nevertheless, the accumulation during this rebound has not yet fully neutralized the earlier distribution, suggesting caution remains warranted.
Consolidation and Critical Levels to Watch for XRP
These technical indicators suggest XRP is currently in cautious consolidation. While support near $1.90 proved strong, the limited improvement in CMF indicates ongoing market uncertainty.
Overall, this analysis aligns with analyst views that key support around $1.75 to $1.80 remains intact. Only a decisive weekly close below these supports would validate a bearish outlook.
Traders should closely monitor XRP’s interaction with critical support and resistance levels.
Specifically, a confirmed breakout above $2.33 and then $2.65 would signal bullish continuation, while a decisive breach of $1.75-$1.80 support would indicate increased bearish risk.
Ripple News Today, April 26th : While XRP ETFs are beginning to attract institutional interest, BlackRock, the world’s largest asset manager, remains on the sidelines. Despite filings from firms like Grayscale and Bitwise, BlackRock has yet to make any move toward launching an XRP ETF.
Here’s what’s holding them back—and what it means for the XRP ETF approval timeline.
Market observers say BlackRock sees little incentive to rush into the XRP ETF market. The firm is already generating significant profits through its Bitcoin and Ethereum ETFs. Its Bitcoin ETF boasts over $30 billion in assets, while its Ethereum ETF recently crossed the $1 billion mark within just two months.
Given the success of these products, BlackRock appears content to prioritize assets with higher liquidity and stronger institutional demand, leaving XRP on the backburner for now.
Bitwise CIO Matt Hougan notes that while interest in XRP is growing, it hasn’t yet reached the levels needed to prompt BlackRock’s involvement. Typically, BlackRock responds to clear, sustained institutional demand before entering a new market, and XRP hasn’t crossed that threshold yet.
ETF expert Nate Geraci points out that BlackRock is likely adopting a wait-and-see approach. Instead of leading the charge, BlackRock is monitoring how competitors like Grayscale and Franklin Templeton navigate the XRP ETF space. The company is also carefully watching the regulatory landscape, particularly how the U.S. Securities and Exchange Commission (SEC) reacts to early XRP ETF filings.
Grayscale XRP ETF Filing
While BlackRock remains cautious, Grayscale has already taken steps by filing for an XRP ETF. The Grayscale XRP ETF filing signals growing confidence among smaller asset managers that regulatory clarity for XRP is on the horizon. Though the SEC has yet to approve any XRP ETFs, Grayscale’s move puts additional pressure on regulators to provide clear guidelines, and could potentially accelerate the overall XRP ETF approval timeline.
Ripple vs SEC Outcome Remains Key
The SEC’s stance on XRP ETFs remains uncertain, especially with the Ripple vs. SEC legal battle still ongoing. FOX Business correspondent Charles Gasparino suggests that BlackRock is unlikely to pursue an XRP ETF until the regulatory cloud fully clears. The outcome of the Ripple lawsuit will play a critical role in determining the XRP ETF approval date and whether wider acceptance follows.
Adding to the cautious approach is BlackRock’s experience with a fake XRP ETF filing in 2023, which created confusion in the market. Industry analysts note that BlackRock is now even more careful about its public image and will only move forward when legal and market conditions are fully favorable.
When Will XRP ETF Be Approved By U.S SEC?
The XRP ETF approval timeline is closely tied to the resolution of Ripple’s legal case with the SEC and a broader pickup in institutional demand. Industry insiders suggest that an XRP ETF approval date could still be months away, depending heavily on legal developments in 2025. Until then, XRP ETF news will likely center around filings, SEC reviews, and smaller players pushing ahead.
For now, investors eager for an XRP ETF will need to wait for more regulatory clarity and stronger market demand to drive BlackRock—and possibly others—to take action.
When will XRP ETF be approved?
The XRP ETF approval timeline depends on the final outcome of the Ripple vs. SEC case. Approval could happen in 2025 if regulatory clarity improves.
What is XRP ETF?
An XRP ETF is an exchange-traded fund that allows investors to gain exposure to XRP’s price without directly buying the cryptocurrency.
Has the SEC approved Grayscale’s XRP ETF filing?
No, the SEC has not yet approved Grayscale’s XRP ETF filing. Approval is likely tied to the final outcome of the Ripple vs. SEC lawsuit and broader regulatory clarity.
Will BlackRock file for an XRP ETF in 2025?
If the Ripple vs. SEC case resolves favorably and institutional interest in XRP grows, BlackRock may consider launching an XRP ETF in 2025 or later.
The post Why BlackRock Is Not Filing XRP ETF? appeared first on Coinpedia Fintech News
Ripple News Today, April 26th : While XRP ETFs are beginning to attract institutional interest, BlackRock, the world’s largest asset manager, remains on the sidelines. Despite filings from firms like Grayscale and Bitwise, BlackRock has yet to make any move toward launching an XRP ETF. Here’s what’s holding them back—and what it means for the …
The US Securities and Exchange Commission (SEC) is set to decide on the proposed spot Litecoin (LTC) exchange-traded fund (ETF) by Canary Capital on May 5.
Meanwhile, market watchers have grown increasingly optimistic. Approval odds have surged to their highest point on Polymarket since mid-March.
However, the SEC opted to extend this period by 45 days, designating May 5 as the new 90-day deadline.
“Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, 6 designates May 5, 2025, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-NASDAQ-2025-005),” the statement read.
Similarly, Grayscale’s application to convert its Polkadot (DOT) Trust into an ETF was also delayed. The new decision deadline is June 11.
However, the SEC’s decision not to delay the Litecoin ETF beyond the 90-day deadline has drawn significant attention from the community. Bloomberg’s ETF analyst James Seyffart highlighted this in a recent post on X (formerly Twitter).
“SEC went early and delayed a bunch of filings but not this,” Seyffart wrote.
On the prediction platform Polymarket, approval odds surged to 79%, the highest since mid-March. Additionally, the odds for approval by July saw a boost, rising to 49%.
Litecoin ETF Approval Odds in 2025. Source: Polymarket
A decision in favor of the ETF could pave the way for broader adoption of Litecoin, often regarded as a lighter, faster alternative to Bitcoin. Conversely, disapproval or further delay could signal continued regulatory hesitation in the crypto space. As the clock ticks, all eyes remain on the SEC’s next move.
