XRP Slides to Key Support Level Amid SEC Regulatory Setbacks
XRP is trading at $1.0036 on August 14, down 0.49% after the SEC cancelled its Reg Crypto open meeting and delayed its innovation exemption for tokenized securities.
The cancellations come as XRP ETF inflows remain positive every week since July 10, albeit with decreasing magnitude.
XRP's price action is now pressing directly onto the Bollinger Band lower boundary at $0.9884, a key level of support for the cryptocurrency.