XRP trades at $2.25 as the SEC delays Franklin’s ETF decision to June 17, affecting short-term price sentiment.
RSI sits at 52.79 ahead of May 1, showing balanced pressure as Bollinger Bands narrow around key levels.
ProShares plans May 14 launch for XRP futures ETF, signaling broader market interest despite delays.
XRP is trading at $2.25, down 2% over the last 24 hours. The dip came after the U.S. SEC delayed its decision on the Franklin Templeton spot XRP ETF. The new deadline for the ETF review is now set for June 17, 2025.
The original decision was expected by May 3. The delay has affected XRP’s short-term momentum, and traders are adjusting their positions heading into May 1.
Franklin Templeton’s XRP ETF Review Now Set for June
Franklin Templeton, which manages more than $1.5 trillion in assets, is the largest firm currently seeking approval for a spot XRP ETF. The application was submitted through Cboe BZX Exchange and entered review on March 19.
The SEC said it needs more time to evaluate the proposal. This kind of delay is routine. Other firms, including Grayscale, Bitwise, WisdomTree, and 21Shares, are also waiting on XRP ETF decisio…
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