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Cryptocurrencies Price Prediction: Ethereum, XRP & Solana – American Wrap 23 May

Ethereum reclaims $3,800, lawmakers urge SEC Chair to approve ETH ETF

Ethereum (ETH) bounced back after a brief dip on Thursday as US lawmakers penned a letter to Securities & Exchange Commission (SEC) Chair Gary Gensler, urging him to approve spot ETH ETFs. Hong Kong regulators are also discussing whether issuers can offer ETH staking to investors.
ETH/USDT 4-hour chart
XRP is among trending cryptocurrencies on Thursday after Coinbase (COIN) Chief Legal Officer Paul Grewal announced that the crypto exchange has relisted the digital token for its clients in New York. Coinbase removed the token across its US markets in January 2021 due to a lawsuit that the Securities & Exchange Commission (SEC) filed against XRP's parent company, Ripple.
 
The price of Solana's native token, SOL (SOL $172), has fallen by approximately 2% in the last 24 hours to reach $173.20. This drop is part of a correction that began two days ago, resulting in an overall decrease of approximately 8.25% thus far.
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