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<p>We’ve finally reached July 25th, with the scheduled SEC meeting set to take place in approximately 10 hours, at 2pm Washington time.</p>
<p>As our team <a href="https://captainaltcoin.com/heres-secs-agenda-for-the-ripple-meeting-as-xrp-price-pumps/" target="_blank" rel="noopener noreferrer nofollow">reported a few days ago</a>, the agenda for this meeting includes several key points. The Securities and Exchange Commission plans to discuss the institution and settlement of administrative proceedings. They will also address the resolution of litigation claims.</p>
<p>Additionally, the agenda mentions other matters relating to examinations and enforcement proceedings.</p>
<p>Based on this , there’s speculation that the meeting could potentially involve a settlement with Ripple, which would be big news for the entire crypto community.</p>
<p>Although <a href="https://www.sec.gov/newsroom/meetings-events/sunshine-act-notice-closed-07252024" target="_blank" rel="noopener noreferrer nofollow">the agenda doesn’t explicitly mention Ripple</a>, the community is almost certain it pertains to this long-standing case.</p>
<p>It’s widely known that any positive news for Ripple from this meeting could drive the <a href="https://captainaltcoin.com/ripple-xrp-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> price upward.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/top-analyst-lists-6-reasons-why-ripple-xrp-price-will-pump/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Lists 6 Reasons Why Ripple XRP Price ‘Will Pump’</a></strong></em></p>
<h2 class="wp-block-heading" id="analyst-s-xrp-price-prediction">Analyst’s XRP Price Prediction</h2>
<p>Currently, the XRP price hovers around $0.6. Despite <a href="https://captainaltcoin.com/why-is-the-crypto-market-down-today-34/" target="_blank" rel="noopener noreferrer nofollow">today’s overall market downturn</a>, XRP is actually up 1%. This suggests that XRP holders are not selling in the face of current market conditions, instead choosing to wait and see what will unfold in today’s SEC meeting.</p>
<p>An analyst known as “Mikybull” predicted an explosive move for the XRP price yesterday. He stated that XRP is “on a Bollinger band long squeeze”.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> on a Bollinger band long squeeze<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" style="height: 1em; max-height: 1em;"><br><br>Explosive move looming folks!<br><br>In my trading journey, it's hard to ignore this. <a href="https://t.co/lHNaWgjyzH" target="_blank" rel="noopener noreferrer nofollow">https://t.co/lHNaWgjyzH</a> <a href="https://t.co/OXkzOdFzuX" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/OXkzOdFzuX</a></p>— Mikybull <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f402.png" alt="🐂" style="height: 1em; max-height: 1em;">Crypto (@MikybullCrypto) <a href="https://twitter.com/MikybullCrypto/status/1816070672826634706?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2024</a>
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<p>A Bollinger Band squeeze occurs when the upper and lower bands come close together, indicating a period of low volatility. This compression often precedes a significant price movement, either up or down. When combined with other technical indicators, traders use this pattern to anticipate potential breakouts.</p>
<p>All in all, the crypto community eagerly awaits the outcome of today’s SEC meeting. It’s not 100% certain Ripple will be discussed, but any positive developments could significantly impact the XRP price and the whole crypto market.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/big-day-for-ripple-vs-sec-case-as-analyst-predicts-explosive-move-for-xrp-price/" rel="noopener noreferrer nofollow">Big Day for Ripple vs. SEC Case as Analyst Predicts ‘Explosive Move’ for XRP Price</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Big Day for Ripple vs. SEC Case as Analyst Predicts ‘Explosive Move’ for XRP Price

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