XRP's options market indicates higher risks of further price decline amidst regulatory uncertainty, overshadowing ETF optimism following Bitwise's S-1 filing.
The SEC's notice of appeal against Ripple’s favorable ruling has fueled fears of XRP being classified as a security, leading to a 10% drop in price.
The market has reacted negatively to the regulatory ambiguity, with XRP experiencing a significant price decline despite the potential for financial products like ETFs.
Ripple's ongoing battle with the SEC reflects broader issues within the cryptocurrency space, as regulatory clarity remains a significant concern for investors.
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