thecryptobasic - The Latremie Post

First Ever XRP Spot ETF Gets Approval, Here is Timeline to Launch

**Spot XRP ETFs Set to Begin Trading in the US as Canary Capital Clears Final Regulatory Step**

*Written By: TheCryptoBasic*

The long-awaited spot XRP ETFs are set to begin trading in the United States after the issuer completed the final regulatory step required for its exchange listing. Canary Capital has filed a Form 8-A for its spot XRP ETF, which will become effective once approved by Nasdaq.

This latest filing comes weeks after the asset manager amended its S-1 application by removing the “delay” clause, which typically prevents the fund from launching without approval from the SEC’s Division of Corporation Finance.

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### Launch Timeline for Canary Capital XRP ETF

Yesterday, Canary filed a Form 8-A application for its spot XRP ETF, marking a crucial step toward bringing the fund to market. According to crypto journalist Eleanor Terrett, this filing is the final step before the ETF becomes effective. It paves the way for its shares to be listed on Nasdaq.

Terrett noted that Canary’s spot XRP ETF will become effective today at 5:30 p.m. (ET), once Nasdaq certifies and approves the Form 8-A application. Following that approval, the XRP spot ETF is expected to begin trading when U.S. markets open on Thursday, November 14, 2025.

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### Is Canary XRP ETF the First of Its Kind?

Terrett’s remarks have sparked widespread excitement among XRP enthusiasts eager for the launch of what she described as the first spot XRP ETF. However, popular ETP provider REX Shares quickly clarified that the upcoming Canary product is **not** the first of its kind in the United States.

It is worth mentioning that the REX RP ETF was launched under the Investment Company Act of 1940. The REX-Osprey fund provides only partial spot exposure to XRP and employs a less efficient tax structure.

While XRPR does hold XRP, its prospectus indicates that it invests in a mix of crypto-related ETFs, U.S. Treasuries, and money market funds, making it quite different in composition from the Canary fund.

In contrast, Terrett emphasized that the upcoming Canary fund is the first **pure-play XRP ETF** structured under the 1933 Securities Act. The pro-crypto journalist confirmed that the Canary XRP ETF will provide 100% exposure to XRP, with no other assets included.

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**Disclaimer:**
This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s official position. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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### About the Author

**Lele Jima** is a cryptocurrency enthusiast and journalist focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related topics, Jima is a lover of sports and music.

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### Related Cryptocurrency Market Updates

– **After Hitting Support, Cardano Struggles to Break $0.5867 Fibonacci Resistance**
Cardano is showing positive momentum in the past hour as DeFi TVL surges, despite technical indicators suggesting a potential pullback to $0.50.

– **Can Solana Break $171 Despite Stiff Resistance?**
Solana is attempting to recover again, with Fibonacci levels indicating the possibility of a leg up approaching the $171 level as of November 11.

– **Bitcoin Liquidity Pattern That Has Preceded Every Major Rally Is Back, Analyst Says**
A CryptoQuant analyst, Moreno, notes that Bitcoin has entered a liquidity setup historically appearing before major price surges.

– **Why Bitcoin Investors See the Return of McDonald’s McRib as a Signal for a Market Rebound**
The McRib’s return on McDonald’s menu is being seen by Bitcoin proponents as a potential signal for a BTC rebound, citing historical context.

– **Ethereum Closes in on Bitcoin Annual Performance Following Strong Q3**
Market data shows Ethereum has dramatically closed in on Bitcoin’s annual performance after strong Q3 gains.

– **Citibank Predicts Bitcoin to Hit $231K and Ethereum $7.5K in Months**
Global banking giant Citibank has released new 12-month price targets for the world’s two largest cryptocurrencies.

– **Popular Analysts Say XRP is Testing the Faith of Bulls, Eyes $10 to $37 Targets**
Despite prevailing sideways price action, some crypto analysts believe XRP could rally as high as $10 to $37 this cycle.

– **Elliott Wave Expert Predicts XRP Will Hit $30 This Cycle**
Korean market technician XForceGlobal asserts XRP has a very high probability of reaching $30 before the current cycle ends.

– **Analyst Identifies Key Levels Shiba Inu Must Hold for Major Rebound**
SHIB stages a short-term rebound amid its multi-month consolidation phase, fueling hopes of a major rally.

– **Shiba Inu Price Faces Key Resistance, But Analyst Predicts 94% Surge After Breakout**
The Shiba Inu price is under pressure testing descending trendlines, but a breakout could signal a bullish shift.

– **Dogecoin Following Its First Cycle – Here’s the Target**
Dogecoin shows similarity with its first full bull cycle, potentially sending the meme coin surging to unprecedented prices.

– **Dogecoin Ready to Rebound – Top Analyst Predicts Bullish Targets**
Prominent market analyst Ali Martinez highlights that Dogecoin could rebound from recent lows, sharing possible targets.

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Stay tuned for more updates on cryptocurrency ETF launches and market analysis.
https://thecryptobasic.com/2025/11/12/first-ever-xrp-spot-etf-gets-approval-here-is-timeline-to-launch/

Pundit Identifies 10 Ways the Ripple and Mastercard Partnership Is Good for XRP

**Ripple Announces Partnership with Mastercard: A Boost for XRP**

*By Sam Wisdom Raphael | TheCryptoBasic | November 5, 2025*

Ripple recently unveiled a significant partnership with global payment giant Mastercard during the Ripple Swell 2025 event held in New York. This collaboration also involves WebBank, a U.S.-regulated financial institution that issues the Gemini Credit Card, and crypto exchange Gemini. Together, these entities plan to pilot blockchain settlement for fiat-based credit card payments using Ripple’s stablecoin, RLUSD, which operates on the XRP Ledger (XRPL).

### Revolutionizing Payment Settlements with Blockchain

The initiative aims to replace traditional, slower financial rails with near-instant blockchain transactions, leveraging the speed and efficiency of the XRPL. Over the coming months, the partners will begin onboarding RLUSD on the XRP Ledger once required regulatory approvals are obtained. Simultaneously, they will plan the integration of this new blockchain settlement process into Mastercard and WebBank’s existing payment systems.

### Why This Collaboration is Good for XRP

Industry experts have pointed out several key benefits this partnership brings to XRP and the XRPL ecosystem:

1. **Boosts XRPL Adoption:** Connecting XRPL to real-world financial services like Mastercard settlements demonstrates blockchain’s practical utility beyond niche applications.

2. **Strengthens Ripple’s Credibility:** Collaborating with respected financial institutions such as Mastercard and WebBank validates Ripple’s technology compliance with major industry standards.

3. **Increases Transaction Activity:** The use of RLUSD for Mastercard payments could significantly increase on-chain transaction volume, enhancing XRP’s utility.

4. **Drives Demand for XRP:** With RLUSD’s circulation recently surpassing $1 billion, growing adoption could naturally elevate demand for XRP.

5. **Key Regulatory Milestone:** The partnership signals Ripple’s ability to develop blockchain payment models that comply with U.S. financial regulations, a major win in the crypto space.

### Additional Potential Benefits for XRP

Beyond these immediate impacts, pundits have identified five more ways XRP could benefit from this collaboration:

6. **Bridges Traditional and Decentralized Finance:** The partnership deepens XRP’s reach by connecting legacy finance systems with decentralized blockchain solutions.

7. **Builds on Previous Successes:** This venture extends Ripple’s earlier achievements, such as the Gemini XRP Credit Card launched in August, which demonstrated XRP’s practical payment use cases.

8. **Improves Market Sentiment:** The announcement is likely to boost investor confidence and reinforce belief in Ripple’s strategic roadmap, which includes ongoing acquisitions and partnerships.

9. **Fuels Broader Ecosystem Growth:** Increased adoption of Ripple’s services, including Ripple Payments, may result from heightened visibility and institutional backing.

10. **Opens Doors for Institutional Adoption:** If Mastercard’s pilot proves successful, similar models could be adopted by other global banks and card issuers, expanding XRP’s footprint in mainstream finance.

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### Market Insights: XRP and Broader Crypto Developments

– **XRP Rally Target:** Market analyst CasiTrades expects XRP to surge toward a $4.50 rally, signaling an end to its consolidation phase.

– **Cardano Breakout:** A prominent chartist highlights a falling wedge breakout in Cardano, potentially leading to a run above $2 after touching $1.20.

– **Bitcoin Dominance:** Analyst Michaël van de Poppe observes a critical tipping point in Bitcoin dominance that may trigger an altcoin season.

– **Ethereum Gains:** Ethereum has narrowed the gap, nearly matching Bitcoin’s annual performance following strong Q3 gains.

– **Citibank Price Predictions:** Citibank projects Bitcoin to hit $231,000 and Ethereum to reach $7,500 within the next 12 months.

– **XRP Price Scenarios:** Industry leaders speculate on XRP’s growth potential, especially if Bitcoin hits the $1 million milestone.

– **Analyst Price Targets:** EGRAG Crypto maintains a bullish stance, suggesting XRP remains in a strong accumulation zone with macro targets as high as $50.

– **Shiba Inu and Dogecoin Updates:** Shiba Inu recently fell to a 23-month low but could rebound strongly after touching key support levels. Dogecoin shows positive signs of following its initial bull cycle, with analysts forecasting potential price surges.

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### Disclaimer

This content is for informational purposes only and should not be considered financial advice. The views expressed reflect the author’s personal opinions and do not necessarily represent those of TheCryptoBasic. Readers are advised to conduct thorough research before making any investment decisions. TheCryptoBasic is not responsible for any financial losses incurred.

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**About the Author**

*Sam Wisdom Raphael* is a seasoned crypto news writer and journalist with five years of experience covering blockchain, DeFi, and cryptocurrency developments. His active engagement with the crypto community and deep knowledge enable him to deliver clear price analyses and explain complex blockchain concepts effectively.
https://thecryptobasic.com/2025/11/06/pundit-identifies-10-ways-the-ripple-and-mastercard-partnership-is-good-for-xrp/

Here’s How Much Cardano You Need to Hold to Make $1M If ADA Reaches $10

**Becoming a Millionaire Through Cardano: How Many ADA Tokens Do You Need?**

*Written By: Lele Jima | Follow TheCryptoBasic*

Becoming a millionaire in USD through crypto investments remains a major aspiration for many everyday investors, including Cardano holders. Despite the recent market downturn, many investors remain optimistic, hoping to make their first million through crypto assets like Cardano (ADA).

With this in mind, we’ve analyzed how many ADA tokens market participants would need to hold to earn $1 million if Cardano’s price hits $10.

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### Cardano Drops Amid Major Sell-Off

The recent downturn has left many Cardano investors puzzled, as ADA’s price has shown extreme volatility. Earlier this month, ADA fluctuated between $0.89 and $0.33 within a single week.

Despite rebounding from the $0.33 low to $0.6403, ADA is still down 24% this year and 51.49% from the $1.32 it reached in December 2024. This downturn resulted from the intense selling pressure Cardano experienced during the October 10 market crash.

Popular market analyst Ali Martinez reported that whales—particularly large investors holding between 100 million to 1 billion ADA—collectively sold 350 million tokens in one week.

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### $10 Price Prediction for Cardano

While Cardano’s pullback is worrisome, many consider it an opportunity to buy the tokens at discounted prices in anticipation of a potential rally to ambitious targets, like $10.

The $10 prediction is not new to Cardano enthusiasts; many experts have forecasted the token’s potential surge to that level. In July, community figure Dan Gambardello argued that the $10 price is a realistic target following his engagement with an AI model called Zero.

Stakepool operator Ssebi also predicted ADA could be on the verge of a rally toward $10, citing increasing institutional adoption and the emergence of Bitcoin DeFi on Cardano among five key catalysts.

Additionally, renowned crypto YouTuber ‘The Modern Investor’ suggested that Cardano could reach the $10 mark during a strong altcoin season.

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### How Much ADA to Make $1 Million at $10?

For ADA to rally to $10, it would need to surge approximately 1,461% from its current price of $0.6403. Such a rise would lift its market capitalization to roughly $358.6 billion.

To make $1 million at that price level, investors would need to hold **100,000 ADA** tokens. At the current price of $0.6403, these 100,000 tokens can be purchased for roughly **$64,030**.

For context, those who bought the same amount on December 3, 2024, when ADA traded at $1.32, would have spent around **$132,000**. Nonetheless, holding 100,000 ADA would yield $1 million if the price ever hits $10.

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### Final Thoughts

While analysts frame $10 as a realistic milestone, there is no guarantee that ADA will reach this level anytime soon. According to Changelly’s Cardano price prediction, the coin may reach $10 by December 2031.

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**Disclaimer:** This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect TheCryptoBasic’s position. Readers are encouraged to perform thorough research before making any investment decisions. TheCryptoBasic is not responsible for any financial losses.

—

### About the Author

**Lele Jima** is a cryptocurrency enthusiast and journalist focused on educating people about how this nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

—

### Related Market Insights

– **Market Veteran Targets XRP Rally to $4.50**
Experienced analyst CasiTrades says XRP is heating up after a bullish breakout, targeting an all-time high at $4.50.

– **Cardano Falling Wedge Breakout**
A well-known crypto chartist suggests Cardano could break into a four-year peak above $2 after a falling wedge breakout.

– **Bitwise: Bitcoin Could Soar to $242,000**
Even a 5% capital rotation from gold to Bitcoin could more than double Bitcoin’s current price, says Bitwise.

– **New Bitcoin Whales Facing Nearly $7B in Losses**
On-chain data reveals new Bitcoin whales are currently experiencing the largest losses since October 2023.

– **Ethereum Closes in on Bitcoin Annual Performance**
Market data shows Ethereum has nearly matched Bitcoin’s annual gains following a strong third quarter.

– **Citibank Predicts Bitcoin $231K & Ethereum $7.5K**
Global bank Citibank releases fresh 12-month price targets for the world’s largest cryptocurrencies.

– **XRP Community Pundit’s Final 2025 Price Timeline**
XRP commentator Zach Rector shares his price prediction for XRP by December 2025.

– **XRP Price Potential Post Bitcoin ETF Inflows**
XRP price could soar if approved ETFs pull inflows similar to Bitcoin ETFs in 2025.

– **Shiba Inu Predicted to Rebound by 30%**
Analyst forecasts a strong rebound of Shiba Inu to retest a key daily exponential moving average (EMA).

– **Shiba Inu Adds a Zero to Its Price – What’s Next?**
Following a recent market shakeout, SHIB’s price dropped significantly, leaving investors concerned.

– **Dogecoin Poised for Parabolic Phase?**
Expert analyst Trader Tardigrade projects a Dogecoin rally targeting $1.50 this cycle amid current struggles.

– **Dogecoin Chart Pattern Signals Potential Rise to $0.29**
Trader Tardigrade identifies a bullish pattern that could lead to higher DOGE prices.

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*Stay tuned with TheCryptoBasic for the latest updates and in-depth crypto analyses.*
https://thecryptobasic.com/2025/10/23/heres-how-much-cardano-you-need-to-hold-to-make-1m-if-ada-reaches-10/?utm_source=rss&utm_medium=rss&utm_campaign=heres-how-much-cardano-you-need-to-hold-to-make-1m-if-ada-reaches-10

Here Is XRP Price If IoT Devices Run 100 Million Daily Transactions on XRPL

**XRP Could Surge Dramatically if IoT Devices Utilize Its Platform for 100 Million Daily Transactions**

*Written by: Sam Wisdom Raphael | Follow TheCryptoBasic*

XRP holds significant potential to reach much higher prices, especially if Internet of Things (IoT) devices begin leveraging its platform. Industry experts speculate that such integration could lead to as many as 100 million transactions daily on the XRP Ledger (XRPL). Currently, XRP trades around $2.43, but many investors argue that it is undervalued and still has tremendous room to grow as adoption and utility expand.

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### What Are IoT Devices?

For those new to the term, IoT devices are physical objects embedded with sensors, software, and network connectivity, enabling them to collect and exchange data over the internet. Examples include:

– Smart thermostats
– Wearable health trackers
– Industrial sensors
– Connected vehicles

These devices help automate processes, enhance monitoring capabilities, and improve efficiency across various sectors such as homes, industries, healthcare, and smart cities. Despite their many benefits, IoT networks grapple with security and privacy concerns—issues that blockchain technology could help address.

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### The Growth of IoT

As of 2025, there are approximately 19.8 billion connected IoT devices worldwide. Analysts project this number will soar to over 31 billion by 2030 and exceed 40 billion by 2034. This rapid growth suggests not just more devices but also a corresponding increase in global transaction volume.

Individual devices can send hundreds of messages per day; for example, in Microsoft’s Azure IoT Hub, a single device may publish up to 300 messages daily. Collectively, IoT systems generate hundreds of millions of terabytes of data every day.

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### How Could Blockchain Enhance IoT?

Blockchain technology offers a secure, decentralized way for IoT devices to conduct transactions. These could include:

– Financial payments
– Automated smart contracts
– Trusted data sharing and authentication

For instance, IoT devices could autonomously pay for electricity right after consumption through smart contracts. Supply chain tracking benefits from tamper-proof, verified data sharing on blockchains. Connected cars might make instant micropayments for tolls or charging sessions with digital currencies. Blockchain-based identity verification can strengthen network security by ensuring only authorized devices participate.

While networks like IOTA’s Tangle are already exploring these possibilities, the XRP Ledger’s scalability and low transaction fees position it as a promising platform to power IoT transactions.

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### What If IoT Devices Run 100 Million XRPL Transactions Daily?

To explore the impact on XRP’s price, we consulted Google Gemini about the effects of IoT devices executing 100 million daily transactions on the XRPL, using XRP as the gas token. At the time, XRP traded around $2.43.

Gemini suggested that such a surge in network activity could cause an unprecedented demand shock for XRP, potentially driving a dramatic price increase. The price impact would stem from two key effects linked to XRPL’s fee mechanism:

1. **Accelerated Token Burning**
2. **Higher Utility-Driven Demand**

Gemini calculated that at 100 million daily transactions, with a minimum burn rate of 0.00001 XRP per transaction, approximately 1,000 XRP would be burned every day, totaling 365,000 XRP annually. While this burn rate is modest relative to the 59 billion XRP currently in circulation, the real driver would be increased utility.

Corporations and institutions would likely need to acquire large volumes of XRP to facilitate these machine-to-machine payments, creating liquidity shortages on exchanges and intensifying buying pressure. Ultimately, this could lead to an exponential rise in XRP’s market price.

In a bullish projection, Gemini estimated XRP could reach between **$150 and $500 per token** if it became a core component of a global IoT payment network handling 100 million daily transactions.

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### Disclaimer

This content is for informational purposes only and should not be considered financial advice. The views expressed are the author’s personal opinions and do not reflect those of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.

—

### About the Author

**Sam Wisdom Raphael** is a seasoned crypto news writer and journalist with five years of experience covering blockchain, DeFi, and crypto developments. His active involvement in the crypto community enhances his ability to provide clear price analysis and explain complex blockchain concepts.

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### Related Market Updates

– **Market Veteran Targets XRP Rally to $4.50**
Analyst CasiTrades believes XRP’s consolidation is over and foresees a bullish breakout targeting a new all-time high.

– **Cardano Eyes Breakout to $2.91 After Falling Wedge**
Crypto chartists suggest Cardano could reach a four-year peak following technical bullish signals.

– **Analyst Shares Bitcoin Price Projections for the Next Three Months**
With bearish market forces dominating, experts predict Bitcoin’s short-term price movements.

– **Andrew Tate Predicts Bitcoin at $26,000**
Influencer Andrew Tate shares his views on the crypto market’s current capitulation phase.

– **Ethereum Closes Gap on Bitcoin’s Annual Performance**
Ethereum has nearly matched Bitcoin’s annual gains following a strong Q3.

– **Citibank Forecasts $231K Bitcoin and $7.5K Ethereum**
The banking giant releases ambitious 12-month price targets for the two largest cryptocurrencies.

– **XRP Price Could Skyrocket to $18,181 with 50% Liquidity Capture from DTCC and SWIFT**
Recent analysis highlights the potential of XRP’s price if it captures major financial liquidity.

– **XRP Community Pundit Places $1,000 Sell Order for 1 XRP**
Enthusiast Diep Sanh expects XRP’s price to eventually reach four-digit levels.

– **Shiba Inu Faces Strong Sell Signals Amid Price Downtrend**
Technical indicators suggest further corrections for Shiba Inu in the short term.

– **Dogecoin Could Enter Parabolic Phase with Target at $1.5**
Analyst Trader Tardigrade forecasts a potential parabolic rally for Dogecoin.

For more detailed insights and up-to-date crypto news, keep following [TheCryptoBasic](https://thecryptobasic.com).

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*End of Article*
https://thecryptobasic.com/2025/10/20/here-is-xrp-price-if-iot-devices-run-100-million-daily-transactions-on-xrpl/?utm_source=rss&utm_medium=rss&utm_campaign=here-is-xrp-price-if-iot-devices-run-100-million-daily-transactions-on-xrpl