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2024

<p>The post <a href="https://coinpedia.org/news/xrp-poised-for-1-surge-massive-trading-volume-and-settlement-rumors-fuel-rally/" rel="noopener noreferrer nofollow">XRP Poised for $1 Surge: Massive Trading Volume and Settlement Rumors Fuel Rally</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">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/" rel="noopener noreferrer nofollow">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-xrp-sees-massive-trading-volume">XRP Sees Massive Trading Volume</h2>
<p>XRP is experiencing a notable rise in trading activity, with its <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer 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/" rel="noopener noreferrer nofollow">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-settlement-rumors-arouses">Ripple Vs SEC Settlement Rumors Arouses</h2>
<p>Additionally, there are growing rumors about a potential settlement or ruling in the ongoing lawsuit between Ripple Labs Inc. and the SEC scheduled for today (July 25).</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <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" rel="noopener noreferrer nofollow">#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" rel="noopener noreferrer nofollow">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" rel="noopener noreferrer nofollow">July 21, 2024</a>
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<p>Speculation about a closed-door meeting hints that the agency is set to discuss several topics, including “Institutions and settlement of administrative proceedings” and “Resolution of litigation claims.”</p>
<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/" rel="noopener noreferrer nofollow">XRP’s price</a>, potentially reaching it beyond the $1 mark.</p>
<h2 class="wp-block-heading" id="h-what-it-could-mean-for-xrp">What It Could Mean for XRP</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/" rel="noopener noreferrer nofollow">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>

XRP Poised for $1 Surge: Massive Trading Volume and Settlement Rumors Fuel Rally

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