XRP's market performance has taken a hit, shedding over $16 billion in value over the past week as regulatory indecision continues to cloud its outlook.
Despite the setback, market watchers are still hopeful for a decision on June 17, when the agency is scheduled to rule on Franklin Templeton’s separate proposal for a spot XRP ETF.
On platforms like Polymarket, the odds of an XRP ETF being approved this year have risen to 83%. Meanwhile, the chances of the SEC extending its review period again are assessed at 16%.
In the background, Ripple’s legal battle with the SEC over the classification of XRP continues, further complicating the regulatory picture around the token. Both sides are engaged in ongoing negotiations, and despite some procedural delays, no timeline has been set for a final ruling.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
