Ripple Price Prediction As SEC Approves And Pauses Bitwise ETF Holding XRP
Main Idea
The SEC approved Bitwise’s new spot crypto ETF including XRP but later issued a stay order, delaying its launch for further review, while XRP's price dropped by 7% amid the mixed news.
Key Points
1. The SEC granted approval for Bitwise’s new spot crypto ETF, which includes XRP, but later issued a stay order, delaying its launch for further review.
2. XRP’s price dropped by 7% following the mixed news, trading around $3.26, with potential for a breakout if it surpasses $3.57 with strong volume.
3. Analyst Casi Trades noted that XRP’s price drop followed a predicted pattern, with the next expected move around $3.21, and potential for further drops if it fails to hold above $3.40.
Description
The post Ripple Price Prediction As SEC Approves And Pauses Bitwise ETF Holding XRP appeared first on Coinpedia Fintech News The US Securities and Exchange Commission (SEC) recently made headlines by granting approval for Bitwise’s new spot crypto ETF, which includes XRP. However, just as the crypto community began celebrating, the SEC issued a stay order, putting the launch on hold. This means the ETF cannot officially go live yet. The reason? The SEC wants more time to review the decision at t...
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