Shocking News: Franklin Templeton Dives into XRP ETF Madness! 🚀

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Ah, dear reader! Gather ’round, for the illustrious Franklin Templeton has decided to join the fray of the XRP ETF spectacle, filing an S-1 form with the ever-watchful US Securities and Exchange Commission (SEC). One can only imagine the flurry of quills scratching away at the Commission’s desk, a veritable tempest of paperwork since the grand arrival of President Donald Trump! 🖋️

Franklin Templeton Takes the Plunge into XRP ETF Waters

In a move that could only be described as audacious, Franklin Templeton has flung its S-1 form into the SEC’s lap, eager to offer an XRP ETF. Just weeks prior, they had the audacity to file for a Solana ETF! It seems they are collecting ETFs like a child collects marbles, and let us not forget their existing treasures of spot Bitcoin and Ethereum ETFs. What a delightful assortment! 🎩

But wait! They are not alone in this grand endeavor. Oh no! They join the ranks of 21Shares, Canary Capital, Grayscale, WisdomTree, and Bitwise—each one vying for the coveted XRP ETF crown. The SEC, in its infinite wisdom, has already acknowledged the filings of 21Shares, Bitwise, and Grayscale, leaving Franklin Templeton to play catch-up in this thrilling race. 🏃‍♂️💨

To officially kickstart this grand adventure, Franklin Templeton must also submit its 19b-4 form to the SEC. Once the Commission acknowledges this, the clock begins to tick, and the suspense thickens like a good borscht! ⏳

XRP Price Takes a Joyful Leap

In a delightful twist of fate, the XRP price has surged forth like a phoenix from the ashes, rising over 8% in the last 24 hours! What a miraculous recovery for this crypto darling, which had briefly dipped below the $2 mark just yesterday. One can almost hear the jubilant cries of investors echoing through the streets! 🎉

Our astute crypto analyst, CasiTrades, has commented on this price action with the precision of a surgeon. She notes that XRP has clung to the 0.5 Fibonacci support as if it were a lifebuoy in a stormy sea. The consolidation structure is holding firm, and the selling pressure has seemingly exhausted itself—much like a tired old horse after a long day’s work. 🐴

Furthermore, she reveals that the Relative Strength Index (RSI) trendline has also held steady, maintaining a bullish divergence. CasiTrades insists that XRP must cling to the $2.04 and $2.11 levels, which serve as the bottom trendlines—critical for maintaining this delicate consolidation structure. The stakes are high, dear reader! 🎢

As for the next resistance levels, they lie at $2.25 and $2.70, the next potential breakout points. Fear not, for CasiTrades assures us that the XRP price action remains as bullish as a proud rooster at dawn! 🐓

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2025-03-12 12:13