<ul><li>The US Securities and Exchange Commission (SEC) has officially acknowledged Grayscale Investments' filing to convert its XRP Trust into an exchange-traded fund (ETF)</li><li>The acknowledgment starts the regulatory review process, allowing public commentary and multiple rounds of decision-making</li><li>The SEC's willingness to review the filing may indicate an openness to settle or drop the ongoing legal dispute with Ripple</li><li>Following the news, XRP's price rose by over 5%, but it failed to break through a major resistance level</li></ul>

XRP Spikes 5% After SEC’s ETF Acknowledgment Sends ‘Enormous Message’

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