NYSE approves Grayscale XRP and Dogecoin ETFs for listing; trading set for Monday

XRP has experienced a significant drop, falling to $1.81, its lowest price since April, as Bitcoin's weakness continues to pull altcoins into oversold territory. The cryptocurrency market is under pressure, with Bitcoin's price fluctuating around $85,000, reflecting a broader downturn in the sector.

Coinbase has announced the introduction of 24/7 trading for several cryptocurrencies, including SHIB, Bitcoin Cash, and Dogecoin, enhancing its trading capabilities and user engagement. This move is part of Coinbase's ongoing efforts to expand its services and adapt to the evolving cryptocurrency market.

XRP has faced a significant sell-off, with major whale wallets offloading nearly 200 million XRP, valued at approximately $400 million, within 48 hours. This sell pressure has contributed to a 10.32% decline in XRP's price, dropping below the crucial $2 psychological level. The market sentiment remains bearish, exacerbated by the influx of sell-side liquidity from wallets holding between one million and ten million tokens.

Market expert Vincent Van Code has warned that investors may soon lose the ability to purchase XRP directly through traditional retail channels. He predicts a shift towards institutional products as the primary means of accessing the cryptocurrency, indicating significant changes in the market landscape.

Analysts have observed a 15% surge in XRP's price, attributed to the reappearance of a key metric that has historically indicated short-term rebounds. Crypto expert Dom noted that this pattern has consistently led to price recoveries of at least 10%. Despite recent volatility in the broader cryptocurrency market, XRP has shown resilience, maintaining trading levels above $2.

Cardone Capital has acquired 185 Bitcoin for approximately $15.3 million during a downturn in the cryptocurrency market. This acquisition reflects the company's strategy to invest in digital assets amid fluctuating market conditions.

Rumble is testing a non-custodial wallet that enables Android users to send Bitcoin and stablecoin tips to creators. This integration aims to enhance user engagement and provide creators with new revenue streams.

Bitcoin is currently trading just above $83,000, amid a wave of liquidations totaling approximately $2 billion. This decline has been accompanied by significant outflows from spot exchange-traded funds (ETFs), indicating a challenging environment for major cryptocurrencies like BTC, ETH, XRP, and SOL.