SEC Reviews Franklin, CBOE XRP ETF Proposals

The SEC has opened a formal review and public comment period for multiple spot XRP ETF proposals, including those from Franklin Templeton and CBOE, with a final decision now expected later this year. XRP's price remains volatile and range-bound near $2.15 amid broader market downturns and persistent legal uncertainty stemming from the ongoing Ripple-SEC lawsuit. Technical analysts note that XRP is at a critical support zone, with potential bullish breakouts if resistance at $2.20–$2.22 is cleared. Ripple's legal efforts to remove sales restrictions are contributing to delays in resolving the SEC case, frustrating some supporters. Market participants are urged to remain cautious, as profit-taking and regulatory headwinds continue to impact sentiment. Long-term optimism persists due to Ripple's expanding institutional partnerships and the potential impact of an ETF approval.