Gains

<p>The post <a href="https://coinpedia.org/news/xrp-news-today-top-reasons-why-xrp-price-could-experience-major-gains-by-months-end/">Ripple News Today: Top Reasons Why XRP Price is Set for MASSIVE Rally By July-End</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Leading crypto exchange Bitrue recently highlighted XRP’s impressive performance over the past week, sparking speculation about the coin’s future. <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP’s price </a>surged above 60 cents, marking a 40% rally to nearly $0.64. This spike was driven by the anniversary of Judge Torres’ summary judgment decision and rumors of an imminent settlement between the SEC and Ripple.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f514.png" alt="🔔" class="wp-smiley" style="height: 1em; max-height: 1em;"> If you haven’t already heard about what's been going on in <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> this week, <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> has been dominating all week. Here’s a quick weekend round-up of <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> this week! Here are some highlights: <br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> traded above $0.60 this week<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> expects their legal issues with the SEC…</p>— Bitrue (@BitrueOfficial) <a href="https://twitter.com/BitrueOfficial/status/1814911143569203549?ref_src=twsrc%5Etfw">July 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-is-a-settlement-coming"><strong>Is a Settlement Coming? </strong></h2> 
<p>The XRP community is buzzing with talk about a potential resolution to the long-standing legal battle between the <a href="https://coinpedia.org/tag/ripple-vs-sec/">SEC and Ripple</a>. These rumors gained traction after the SEC scheduled a Sunshine Act meeting to discuss the settlement of administrative proceedings, initially set for July 18 but postponed to July 25.</p> 
<p>However, former SEC lawyer Marc Fagel has dismissed these rumors, noting no procedural signs of a settlement. He expects Judge Torres to deliver a decisive ruling on remedies soon, with Judge Netburn handling any remaining motions.</p> 
<p><strong>XRP Stands Strong </strong></p> 
<p>Despite market declines, XRP has remained stable around the $0.60 mark, trading at $0.6023—up 1.48% on the daily charts and 9.52% over the past week. This stability during broader market volatility raises questions about XRP’s potential to maintain its upward momentum.</p> 
<h2 class="wp-block-heading" id="h-key-levels-to-watch">Key Levels to Watch</h2> 
<p>If <a href="https://markets.coinpedia.org/xrp/">XRP’s price</a> drops to $0.5725 and faces resistance, it could begin rising toward the $0.6360 resistance level. A breakout above $0.6360 might lead to further gains, with the next target being the $0.6697 resistance level and possibly beyond.</p> 
<p>At the time of writing, XRP was trading at $0.5974, up 1.13%. Its trading volume exceeded $2 billion, and its market capitalization was over $33 billion. Notably, in the past day, XRP’s trading volume increased by 41.17%, and its market cap rose by 1.13%.</p> 
<p><strong>Bitrue Remains Bullish</strong></p> 
<p>Bitrue has shown consistent support for XRP, offering over 90 XRP spot trading pairs and launching a $1 million trading contest earlier this year. The exchange’s unwavering bullish stance, including pledging support in both bear and bull markets, suggests confidence in an imminent rally for XRP.</p> 
<p>Overall, the market’s response to settlement rumors and XRP’s resilience in a volatile market will be key indicators to watch.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/ripple-vs-sec-settlement-update-will-july-25th-be-the-turning-point-for-xrp-price/" target="_blank" rel="noreferrer noopener">Ripple vs. SEC Settlement Update: Will July 25th Be the Turning Point for XRP Price?</a></p> 
<p><strong>Will XRP break out of its resistance level? Stay tuned.</strong></p>

Ripple News Today: Top Reasons Why XRP Price is Set for MASSIVE Rally By July-End

Inhoudsopgave

CoinPedia News

Andere artikelen gepubliceerd op 23 jul 2024

DOGS Token Price Prediction: Is DOGS Price Losing Its Bite?

Elon Musk Shows Interest in Bitcoin and Tesla’s Actions

Reveel Reaches Milestone of 100,000 Users in Over 160 Countries

Ethereum price could see sell-the-news retreat following ETF approval

Indicator Reveals No Straight Rise for Altcoins; Increased Volatility for XRP

Bitcoin ETF Inflow Extremely Active in July With Over $41,000 BTC Accumulated

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!