XRP is trading lower as the market waits on the SEC's crypto offering framework, due August 14. The wider crypto market is also down, with bitcoin and ethereum both slipping. The announcement could push XRP further into the red.
Thursday's announcement
The SEC is set to release its framework for crypto offerings on August 14. That's three days away. XRP has been under pressure ahead of it, and the token may see additional weakness after the news lands. No one knows exactly what the framework will say, but the market is already bracing.
A market-wide dip
The broader selloff isn't just XRP. The total crypto market cap fell 1.57% in 24 hours, now sitting at $2.18 trillion. Bitcoin dropped below $64,000. Ethereum fell below $1,900. That's a broad move, not a single-coin story.
What the framework could mean
The SEC's framework will define how crypto offerings are treated. For XRP, which has a long legal history with the regulator, the timing is sensitive. The token is already under pressure, and the announcement could add to it. But the facts don't say what the framework contains, so we can't speculate further.
The SEC's announcement lands Thursday. Until then, XRP's price action will likely stay tied to the broader market and whatever leaks out about the framework.
