SEC Rejects XRP Short ETF Amid Market Volatility

The SEC's decision to reject a 19th XRP short ETF has coincided with a decline in the prices of major cryptocurrencies, including Bitcoin and Ethereum. According to recent market data, these assets have collectively lost $1.11 billion in value. The Federal Reserve's rate increase has also had an impact on the crypto market, causing prices to fluctuate. In related news, XRP's price has dropped below the $1.30 support level, with traders expecting a short-term downturn. However, liquidity for XRP on Binance has rebounded, leaving traders waiting for conviction. The XRP/RLUSD price currently stands at 1.3032 RLUSD, with a 24-hour change of +2.91%.