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XRP Eyes Key Support as Price Nosedives Following US SEC Appeal
- XRP is currently trading at $0.5548, down 6.96% in the last 24 hours.
- The SEC has appealed the court ruling in the Ripple case, causing negative sentiment among investors.
- If the price breaks below $0.54, it may test the $0.50 support level.
- An XRP Spot ETF has been proposed by Bitwise Asset Management, seen as a major step forward by Ripple advocates.
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