The delay in studying the ETF request for XRP threatens its price trajectory and price predictions
The price of Ripple (XRP) faces a new challenge after the U.S. Securities and Exchange Commission (SEC) postponed its decision on Franklin Templeton's request to launch an XRP exchange-traded fund (ETF), with indications that the final decision may be delayed until October. This comes as the price of XRP rises to $2.22, an increase of 38% from its lows in April. This recovery coincided with a general upward trend in crypto and U.S. stock markets, driven by expectations of easing tensions in the trade war. However, analysts warn of future challenges that may impact price movements, especially with potential signals of an impending economic recession.
