Cryptocurrency
XRP Price Surge Amidst SEC Meeting Speculation
Thursday. July 25 at 8:00 AM
1 min. readXRP has seen a notable price increase of over 7.80% in the last 24 hours, contrasting the overall crypto market decline of 1.10%. The surge is attributed to an upcoming closed meeting between Ripple and the SEC, fueling speculation of a potential settlement in their legal battle. Ripple CEO's optimistic comments have further boosted investor sentiment. Notably, XRP's wealthiest holders have been accumulating tokens during price dips, indicating confidence in future gains. The rise in open interest and funding rates suggest growing investor interest and bullish sentiment towards XRP. Technical analysis points towards a potential rally to the $0.86-1 range by October. It is important to note that this article does not provide investment advice, and readers are advised to conduct their own research before making any financial decisions.