Huge New XRP ETF Filling Breaking!! 👀👀

welcome to underground crypto we have some news here about the ETF xrp ETF that is by a company named bitwise and I'm going to let my assistant Nova give you all the details like share and subscribe bitwise has filed an S one registration with the US Securities and Exchange Commission SEC marking its intent to launch the first us-based spot xrp ETF if approved the ETF would track the price of xrp the Native asset of The xrp Ledger this move could potentially bring institutional investment to xrp but the outcome is also closely tied to ongoing legal challenges between Ripple and the SEC xrp took a 3% hit dropping to 58 cents on Wednesday just as Asset Management giant bitwise made a bold move they filed an S one registration with the SEC signaling their intent to launch the first ever

us-based spot xrp ETF this groundbreaking ETF could be a GameChanger for xrp if fitwise gets the green light from Regulators despite the excitement X SARP is skating on thin ice it's currently testing the 59 Cent support level and could slide further to the 50-day EMA at 55 cents the crypto Community is keeping a close eye on this development especially with the ongoing SEC versus Ripple legal Saga still looming in the background Ripple scored a partial win in the lawsuit that concluded in August 2024 but uncertainty lingers as the SEC May appeal leaving xrp holders on edge meanwhile bitwise CEO Hunter horley remains optimistic stating We Believe blockchain will transform Finance and we're excited to continue Leading The Way with our xrp ETF filing technical indicators are flashing warning signs xrp is in a downward Trend with the moving average

convergence Divergence macd signaling negative momentum a further drop could see xrp hitting the 200 day EMA at 55 with a potential 11.9% plunge to the September low of0 50 xrp Traders are bracing for what comes next as bitwise bold ETF move merry shaped the marketti it can weather the legal and technical storm ahead