đ¨ Crypto News Flash: XRP Faces Regulatory Hurdles đ¨
XRP has taken a hit, falling 10% amid fresh regulatory uncertainty. This comes despite optimism around Bitwise's recent ETF filing. The SEC's appeal against Ripple Labs' favorable ruling has cast a shadow over the market.
Key Points:
- Bitwise filed for an XRP ETF with the SEC.
- SEC appealed a ruling that Ripple's sales didn't violate securities rules.
- XRP dropped to 53.7 cents, losing over 16% this week.
- Options market shows bearish sentiment, with a -3.2% call-put skew.
What are your thoughts on XRP's future? Share in the comments! đŹ
