XRP Slips as SEC Widen Crypto ETF Pipeline

The price of XRP (XRP-USD) slipped below $1.40 on Friday evening, giving back 3.7% over 24 hours.

This decline came even as a new Securities and Exchange Commission order widened the route for crypto exchange-traded products.

However, the SEC decision itself is narrower than some 'XRP approval' headlines suggest.

The agency approved amendments to Nasdaq Texas Rule 5711(d), which governs generic listings for commodity-based trust shares.

The new rule allows for active management and a broader definition of digital commodities, but it does not approve a new XRP fund or guarantee the launch of any specific product.