Group 1: ETF Launch and Institutional Demand - Grayscale has launched the Grayscale XRP Trust ETF on NYSE Arca under the ticker GXRP, converting it from a private placement introduced in September 2024, aimed at providing straightforward exposure to XRP [2] - The launch of the ETF broadens access to the growing XRP ecosystem, following similar XRP ETF rollouts by Canary Capital and REX Shares, indicating a wave of new offerings tied to digital assets [2][3] Group 2: Regulatory Developments - The regulatory landscape for XRP has improved after Ripple and the U.S. Securities and Exchange Commission (SEC) ended their long-running court battle, with a ruling stating that Ripple's programmatic sales on exchanges did not violate securities laws [4] - The SEC's changed posture under the second Trump administration has led to accelerated ETF approvals and conversions across the sector, including several Grayscale products tied to other cryptocurrencies [5] Group 3: Price Action and Technical Analysis - XRP is currently trading near $2.09, up about 2% on Monday, but remains trapped inside a large descending triangle that has guided price action since August [9][10] - The price is defended by sellers at a down-sloping trendline, while buyers are stepping in near a rising support base around $1.9, which is a key level for investors [11][18] - A clean break below the support at $1.9 could lead to a new leg lower toward $1.7 and potentially $1.5, while buyers need to reclaim $2.19 and close above the descending trendline near $2.4 to regain momentum [19][20]

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🐿️ #PNUT – Bearish wedge break on dailyThe 1D chart confirms a descending triangle breakdown, with price snapping through horizontal support (highlighted circle). Volume spike suggests conviction behind the move. Target sits ~22.2% lower based on the measured move. https://t.co/rq5y1n7XcS ...

#MINA is attempting to bounce from the lower border of the descending triangle on the weekly chart🧐Looking for a move up on a bounce📈 https://t.co/XECaZbbVxR ...