Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-coin-surges-due-to-anticipated-sec-meeting/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP Coin Surges Due to Anticipated SEC Meeting</a><br></p>
<p style="text-align: justify">Although <a href="https://en.coin-turk.com/analyst-predicts-xrp-price-surge-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> Coin is one of the largest altcoins by market value, it has remained weak during the ongoing rise for over a year. XRP Coin has only approached the $1 threshold once in the past year, being under pressure for years due to both increasing supply and the <strong>SEC</strong>. However, things might change in August. With this expectation, XRP Coin has once again surpassed the $0.65 threshold.</p>
<h2 style="text-align: justify" id="why-is-xrp-coin-rising">Why is XRP Coin Rising?</h2>
<p style="text-align: justify">On August 1, the U.S. Securities and Exchange Commission (SEC) and Ripple will hold a closed-door meeting. The ongoing lawsuit for years has not given the SEC a definitive victory and does not seem likely to. Moreover, due to the defeat in the summary judgment, Gensler needs to wrap things up before leaving his position.</p>
<p style="text-align: justify">Today, XRP Coin price climbed approximately 5% to the highest level in the last 4 months. Surpassing the $0.65 threshold also indicates that a move targeting $0.74 could occur. The SEC and Ripple will focus on reconciliation and discuss possible solutions during the meeting.</p>
<p style="text-align: justify"><img fetchpriority="high" decoding="async" class="size-full wp-image-375740 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/XRPUSDT_2024-07-31_16-24-57.png" alt="" width="1814" height="836"></p>
<p style="text-align: justify">For weeks, XRP Coin price has remained relatively strong despite the negative sentiment in the general market. Two weeks ago, Ripple’s CEO’s statement to Bloomberg that “a settlement is near” was welcomed by <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a>. The SEC’s insistence on claiming that altcoins like SOL, ADA, and DOT are securities also had an impact here.</p>
<h2 style="text-align: justify" id="xrp-coin-price-prediction">XRP Coin Price Prediction</h2>
<p style="text-align: justify">Before the meeting on July 24, the XRP price had also risen, and we are seeing something similar again. If no solution comes out of the meeting, some of the gains may be given back, and those looking for short-term trading opportunities are already at a good selling point.</p>
<p style="text-align: justify">According to Santiment data, the number of addresses holding over 10,000 <strong>XRP</strong> has been steadily increasing for 5 weeks. As this investor group, which has reached the highest level in the last 6 months, accumulates, the XRP Coin price has historically tended to rise.</p>
<p style="text-align: justify">Open positions in futures trading have risen to $876 million. This increase is happening in an environment where open positions in the general market are rapidly eroding. The open position bottom for July was $448 million, and interest has nearly doubled.</p>
<p style="text-align: justify">If the expected scenario occurs, targets of $0.74 and $0.93 could be tested with the continuation of the rise. This movement will be shaped by <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">the news</a> coming tomorrow.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/xrp-coin-surges-due-to-anticipated-sec-meeting/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP Coin Surges Due to Anticipated SEC Meeting</a></h5>
<p>The post <a href="https://en.coin-turk.com/xrp-coin-surges-due-to-anticipated-sec-meeting/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP Coin Surges Due to Anticipated SEC Meeting</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

XRP Coin Surges Due to Anticipated SEC Meeting

Daftar Isi

COINTURK NEWS

Artikel lain yang dipublikasikan pada 31 Jul 2024

EU AI Act comes into effect — Here’s what to expect

Celebrating Remarkable Milestones: 50,000+ Transactions, 13,690 Accounts, and 70M POX Staked!

“Monster Merge” Launches on Solana Saga dApp Store

Investor Concern Continues As Chainlink And Lido DAO Remain In The Red. Can Raboo Turn Things Aro...

XRP Price Jumps As Ripple Leadership Blasts SEC’s ‘Hypocritical’ Crypto Regulation

Austin Hilton Reviews Newest Meme Coin Surpassing $6 Million in Presale and Its Upcoming Layer-2 ...

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!