XRP ETF Rumors Swirl as BlackRock Pressures SEC, Ripple Drops Cross Appeal

Key Points

1. BlackRock is reportedly pressuring the SEC for XRP ETF approval as early as Monday.

2. XRP price spiked to $2.22 on ETF hype but retraced to $2.18 as traders took profits.

3. Ripple CEO Brad Garlinghouse announced dropping the cross-appeal, expecting the SEC to do the same, which could pave the way for ETF approval.

4. Analysts and community members debate the legal timeline, noting that the SEC must still vote on dropping its appeal.

5. XRP's price movement follows a typical pattern seen with ETF-related rumors, showing initial surges followed by profit-taking.