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<p>It’s never boring with XRP, even when the price isn’t moving much. But when the price starts pumping, that’s when things get really interesting for the XRP community.</p> 
<p>It’s been a while since I’ve written this, but: XRP is currently <a href="https://captainaltcoin.com/hot-cryptocurrencies-to-buy/" target="_blank">the best performing altcoin</a> among the top 100 coins by market cap today, with a 12% pump.</p> 
<p>The <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> price has actually pumped around 18% this week, from $0.42 to now above $0.5. The market cap is now over $28 billion.</p> 
<p>XRP hasn’t traded above $0.5 for over a month, so this is welcome news for holders.</p> 
<h2 class="wp-block-heading" id="sec-announces-a-secret-meeting-on-thursday-sources-say-it-s-about-ripple">SEC Announces a Secret Meeting on Thursday – Sources Say It’s About Ripple</h2> 
<p>A popular crypto analyst, Brett Hill, along with a few others, has reported on Twitter that the SEC is planning a private executive meeting at their Washington headquarters this Thursday, July 18, 2024. </p> 
<p>According to Hill’s sources, this closed-door meeting is allegedly related to the ongoing Ripple vs SEC case, potentially involving resolutions and the finalization of the court proceedings.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <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;"> BOOOOOOOM! private executive meeting at their headquarters in Washington for this Thursday (18 Jul-24)! Reliable sources have informed us that this meeting is connected to the <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ripple</a> vs <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SEC</a> resolutions and the finalization of the court case! <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a> <a href="https://t.co/9lEy33mPaI" target="_blank" rel="nofollow">pic.twitter.com/9lEy33mPaI</a></p>— Brett Hill (@Brett_Crypto_X) <a href="https://twitter.com/Brett_Crypto_X/status/1811892942652465370?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 12, 2024</a>
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<p>It’s important to note that nothing is official here, and the meeting could be about something else entirely.</p> 
<p>However, the XRP community has definitely reacted positively to this news, propelling the price above the $0.5 mark.</p> 
<p><em><strong>Read also: <a href="https://captainaltcoin.com/ripples-xrp-looking-bullish-analyst-predicts-60-surge-as-technical-and-fundamental-factors-align/" target="_blank">Ripple’s XRP Looking Bullish: Analyst Predicts 60% Surge as Technical and Fundamental Factors Align</a></strong></em></p> 
<h2 class="wp-block-heading" id="xrp-price-forecast">XRP Price Forecast</h2> 
<p>As you can see on the XRP/USD chart, this altcoin has been trading in a descending triangle pattern since early 2024.</p> 
<p>Today’s pump, while significant, is not enough to break out of this channel. For that to happen, XRP would need to push above $0.6.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="415" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-1024x415.png" alt="" class="wp-image-525181" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-1024x415.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-300x122.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-768x311.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-1536x622.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-2048x830.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-370x150.png 370w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-100x41.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-864x350.png 864w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-429-788x319.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-429.png 1777w" sizes="(max-width: 1024px) 100vw, 1024px">
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  <strong>Source: <a class="thirstylink" rel="nofollow" target="_blank" title="Tradingview" href="https://captainaltcoin.com/go/tradingview-3/" data-shortcode="true">TradingView</a></strong>
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<p>The price briefly dipped below this channel in early July when the market crashed but quickly rebounded above the line. The crucial $0.4 support level played a key role here.</p> 
<p>However, the price is still trading below the <a href="https://www.investors.com/how-to-invest/investors-corner/moving-averages-provide-effective-tool-for-your-trading/#:~:text=The%20200%2Dday%20moving%20average%20calculates%20the%20simple%20average%20of,stock%20over%20a%20long%20duration." target="_blank" rel="nofollow">200-day moving average</a> at $0.54. For any major moves to occur, the price first needs to flip this resistance and turn it into support.</p> 
<p>Generally, when a coin is trading above its 200-day moving average and has it as strong support, it indicates an uptrend.</p> 
<p>If the buying pressure continues through the weekend, XRP could potentially revisit the $0.6 area and break out of the descending triangle, which could be very positive for the broader picture.</p> 
<h2 class="wp-block-heading" id="positive-news-but-be-careful">Positive News, But Be Careful</h2> 
<p>The recent price action of XRP, coupled with rumors of a potential SEC meeting regarding Ripple, has certainly stirred up excitement in the XRP community. </p> 
<p>While the pump is encouraging, note that you are never “here nor there” with XRP since any negative news on <a href="https://www.investopedia.com/sec-vs-ripple-6743752#:~:text=The%20SEC%20accused%20Ripple%20of,victorious%20in%20this%20court%20case." target="_blank">the Ripple vs SEC case</a> can negatively affect the price. </p> 
<p>That being said, if we we here some official positive news no this case next week, the price could easily break $1 level which would be over 100% increase from the current levels. </p> 
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="nofollow">FREE Telegram group.</a></strong></em></p> 
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<p>The post <a href="https://captainaltcoin.com/xrp-price-pumps-as-sec-announces-secret-meeting-is-it-about-ripple/">XRP Price Pumps as SEC Announces Secret Meeting – Is It About Ripple?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

XRP Price Pumps as SEC Announces Secret Meeting – Is It About Ripple?

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Ďalšie články zverejnené 13. 7. 2024

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