Schwab adds four XRP ETFs to repo collateral list
- —Schwab allowed XRP ETFs from Grayscale, Canary, Franklin and Bitwise as repo collateral
- —Collateral volume is in millions versus billions in the fund's repo exposure
- —XRP trades in the $1.30-$1.55 range, resistance at $1.50-$1.55
- —Additional catalysts: XRPL upgrade and CLARITY Act vote
Why it matters: Allowing XRP ETFs as repo collateral is a signal of institutional recognition, but the price impact depends on the outcome of the CLARITY Act vote.
Source: Cryptonews.com