The battle between Ripple Labs and the SEC has been impacting the market moves of XRP. Coinbase recently announced that the SEC is close to dismissing its lawsuit against the exchange. This follows the SEC dropping its case against OpenSea and closing its investigation into Robinhood Crypto. This suggests a shift in the SEC's regulatory approach towards major crypto firms. Ripple's legal battle may be affected as the SEC engages in discussions with industry players and there may be increased chances of approval for a spot XRP ETF. Brazilian regulators have already approved the first spot XRP exchange-traded. XRP is currently trading at $2.28, down 8% in the last 24 hours, but indicators suggest a potential rebound.



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