Fake News Spreads, XRP Falls Past $0.74 Peak!

<p>&nbsp;"The hopes of XRP investors must be shattered, yes he just remembers that the price is going to skyrocket crazy high."</p><p><br /></p><p>The entire community must have been shocked to see the cryptocurrency Ripple (XRP) plummet to $0.64 right after its price skyrocketed to $0.74 in just a few minutes.</p><p><br /></p><p>XRP's more than 12% rise came after BlackRock reportedly made a filing suggesting the asset manager was creating an XRP ETF product, but those gains were wiped out overnight after confirmation that the filing was false.</p><p><br /></p><p>Clarified, users of social media platform X received a Delaware filing showing BlackRock had filed an application to register the "iShares XRP Trust", however it was confirmed to be false by Bloomberg ETF analyst Eric Balchunas.</p><p><br /></p><p><br /></p><p>Balchunas believes someone listed an XRP trust on a Delaware company listing website posing as BlackRock's managing director Daniel Schwieger.</p><p><br /></p><p>It is well known that Bitcoin Magazine analyst Dylan LeClair was the first person to announce the news, then Balchunas and The Block did similar actions.</p><p><br /></p><p>Although the listing is purely false, it must be emphasized that the spot Ethereum (ETH) ETF is real as it has been officially confirmed through a 19b-4 submission to the Securities and Exchange Commission (SEC).</p><p><br /></p><p>As of this writing, XRP price is up 0.53% at $0.66 in the last 24 hours with a market cap of $35 billion but still recorded a 6.56% decline over the past week.</p>