Ethereum

Rally

2024

<p>The post <a href="https://coinpedia.org/news/xrp-poised-for-1-surge-massive-trading-volume-and-settlement-rumors-fuel-rally/">XRP Breaks Out: Trading Volume Surges 21%, Price Nears $1</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>XRP, the seventh-largest cryptocurrency, has struggled to attract investors this year. After months of disappointment, <a href="https://coinpedia.org/news/xrp-overtakes-bitcoin-in-south-korea-as-xrp-recorded-31-surge-trading-volume/" target="_blank" rel="noreferrer noopener">investors are shifting</a> their focus, leading to a 21% increase in trading volume, reaching $2.07 billion. This high trading means more people are interested in XRP and it might soon reach its $1 target price.</p> 
<h2 class="wp-block-heading" id="h-trading-volume-takes-off">Trading Volume Takes Off </h2> 
<p>XRP is experiencing a notable rise in trading activity, with its <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noreferrer noopener nofollow">volume surging by 21%</a> to $2.07 billion. Over the past 24 hours, more than 3 billion XRP tokens have been traded. This impressive liquidity suggests that XRP is well-positioned to meet growing market demand.&nbsp;</p> 
<p>However, the recent boost in market sentiment is partially attributed to the successful launch of the <a href="https://coinpedia.org/news/ethereum-etfs-launch-with-a-bang-blackrock-and-grayscale-move-millions-in-eth/" target="_blank" rel="noreferrer noopener">spot Ethereum ETF,</a> which has spiked market confidence. The positive sentiment surrounding Ethereum is also benefiting XRP, as it rides the wave of optimism.</p> 
<h2 class="wp-block-heading" id="h-ripple-vs-sec-what-s-next">Ripple vs. SEC: What’s Next?</h2> 
<p>Adding to the excitement are rumors about a potential resolution in the ongoing lawsuit between Ripple Labs Inc. and the SEC, with a key update expected today (July 25). Speculation suggests that the SEC might be discussing topics like “Institutions and settlement of administrative proceedings” and “Resolution of litigation claims.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING NEWS: SEC's private meeting may result in a resolution to the Ripple lawsuit! <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2696.png" alt="⚖" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/eRycGtgSbu">pic.twitter.com/eRycGtgSbu</a></p>— Brett Hill (@Brett_Crypto_X) <a href="https://twitter.com/Brett_Crypto_X/status/1814902651756130510?ref_src=twsrc%5Etfw">July 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>If these rumors are accurate, a resolution could push <a href="https://coinpedia.org/price-analysis/xrp-price-breaking-above-the-range-it-eyes-at-20-before-the-end-of-the-month/" target="_blank" rel="noreferrer noopener">XRP’s price</a>, potentially reaching it beyond the $1 mark.</p> 
<h2 class="wp-block-heading" id="h-xrp-stands-strong-but-what-s-next">XRP Stands Strong, But What’s Next? </h2> 
<p>Ripple’s native token has been rallying recently, surging to $0.64 last week and currently <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">hovering at around $0.62</a>. However, it is among the few altcoins that have defied the market-wide correction. Bitcoin (BTC), for instance, is down 3.2% in the past 24 hours, while Ethereum (ETH) has tumbled by nearly 8%.&nbsp;</p> 
<p>Many analysts think that if Ripple wins its lawsuit against the SEC, XRP could see big price swings, similar to the surge it had last year to near $1. On the flip side, a negative outcome might lead to significant declines.</p> 
<p>Also Read : <a href="https://coinpedia.org/news/ripple-news-today-21shares-eyes-xrp-etf-amid-record-breaking-ethereum-etf-launch/" target="_blank" rel="noreferrer noopener">Ripple News Today: 21Shares Eyes XRP ETF Amid Record-Breaking Ethereum ETF Launch</a></p> 
<p><strong>Is XRP ready for a major breakout? Let us know your thoughts.</strong></p>

XRP Breaks Out: Trading Volume Surges 21%, Price Nears $1

Съдържание

CoinPedia News

Други статии, публикувани на 25.07.2024 г.

Kamala Harris: Bitcoin Is ‘Money for Criminals’

Russian parliament legalizes crypto for international trade and mining

Solana Up 24% On The Month, Outperforms Bitcoin, Ethereum: What Is Going On?

BNB Chain Eliminates $971M BNB in 28th Quarterly Token Burn

Steve Forbes Says Kamala Harris Policies Will Ruin The Middle Class

Ethereum Foundation Moves Assets During Launch Week

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!