Edge

<ul>
 <li>XRP soared on Wednesday, with trading volume surging 112% and open interest approaching $1 billion.</li>
 <li>XRP advocate, attorney Fred Rispoli, previously speculated the case would end on July 13 or July 31.</li>
 <li>A closed-door SEC meeting to be held on Thursday, which includes discussions on settling injunctive actions and administrative proceedings.</li>
</ul>
<a href="https://thenewscrypto.com/?s=XRP" target="_blank" rel="noopener noreferrer nofollow">XRP</a> soared on Wednesday, fueled by tentative discussions of a possible settlement in the longstanding lawsuit between Ripple and the US Securities and Exchange Commission (<a href="https://thenewscrypto.com/?s=SEC" target="_blank" rel="noopener noreferrer nofollow">SEC</a>).
The crypto world is closely monitoring every development in this high-stakes case, which has the potential to significantly impact the entire industry.
<h2 class="wp-block-heading" id="h-xrp-community-on-edge-as-lawsuit-nears-potential-resolution">XRP Community on Edge as Lawsuit Nears Potential Resolution</h2>
XRP’s impressive 8% surge on Wednesday, which saw the token reach $0.6586, resulted in the liquidation of over $1.3 million in total positions.
Concurrently, trading volume skyrocketed by 112%, and open interest, which represents the sum of all open or unsettled long and short positions for an asset, approached the $1 billion mark.
This surge in trading activity and open interest comes at a pivotal moment for the XRP community, as July remains a crucial month in the ongoing legal battle between Ripple and the SEC.
The importance of this period is underscored by Ripple’s landmark victory against the SEC in a decision handed down by Judge Analisa Torres on July 13, 2023.
As the month draws to a close, the Ripple community is eagerly anticipating a possible settlement in the near future. XRP advocate and attorney Fred Rispoli had previously speculated that the case would poetically conclude on either July 13 or July 31.
However, in a recent post on X, Rispoli expressed nervousness as the window for his prediction rapidly closes.

XRP Surges as Ripple Community Anticipates Potential SEC Settlement

Съдържание

TheNewsCrypto

Други статии, публикувани на 31.07.2024 г.

Solana Looks ‘Ripe To Push Higher’, Is A Mania-Like Rally To $600 Coming?

BTC to ETH. How to Convert Bitcoin to Ethereum Avoiding KYC?

‘Magnificent seven’ stocks shed $2.6T in lead-up to busy earnings week

Top 5 TON Memecoins to Watch: $REDO, $FISH, $RECA, $TINU, $CHIC

Bitcoin Transaction Fees Lower as Price Swings

Stablecoin growth soars as crypto global mass adoption ramps up

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!