XRP ETF Decision Delayed as SEC Monitors Ripple Appeal
According to legal analyst Bill Morgan, the timing is too close to be a coincidence.
A federal judge has required the SEC to update the court on the status of its appeal against Ripple by June 15. Morgan speculates that the ETF delay may be a deliberate move, allowing the agency to assess legal momentum before taking a stance on the XRP fund.
With regulatory tone shifting under the SECs new crypto-friendly leadership, this could be a pivotal moment for XRPs future.
Investors are watching closely, hoping for clarity. If the Ripple appeal wraps in favor of the company, it could pave the way for broader institutional adoption of XRPincluding ETF approval. Some in the community see the unresolved lawsuit as a barrier holding XRP back from catching up with peers like Bitcoin and Ethereum.
When Ripples CEO previously hinted at a potential SEC withdrawal earlier this year, the market responded with a brief price surge. Since then, XRP has slipped to around $2.19, despite a modest rise in trading activity. Market sentiment suggests a rally could follow any positive resolutionlegal or regulatory.
The next few weeks may determine whether XRP becomes a regular feature in ETF markets or continues to linger under legal uncertainty.
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Text source: Coindoo
