$XRP fell to as low as 46.18 cents Wednesday afternoon leading the crypto markets sell-off. It erased all previous gains from the price rally tied to the release of “Hinman emails” in the lawsuit between Ripple Labs and SECGov. sndr_krisztian reports
Wednesday afternoon after the Federal Reserve’s latest interest rate decision. Despite the Fed pausing its rate hike campaign after 14 months, an event most traders thought would be bullish for prices, BTC and ETH dropped below $25,000 and $1,700, respectively, to 3-month lows.
The SEC sued Ripple in 2020 alleging that the firm sold unregistered securities, namely XRP. Ripple, however, historically has distanced itself from the token, which powers some of its products and the XRP Ledger network.
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