{"id":3806,"date":"2024-07-25T09:03:34","date_gmt":"2024-07-25T09:03:34","guid":{"rendered":"https:\/\/cryptd.in\/ripple-xrp-community-speculates-on-upcoming-sec-meeting-today\/"},"modified":"2024-07-25T09:03:34","modified_gmt":"2024-07-25T09:03:34","slug":"ripple-xrp-community-speculates-on-upcoming-sec-meeting-today","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sv\/ripple-xrp-community-speculates-on-upcoming-sec-meeting-today\/","title":{"rendered":"Ripple (XRP) Community Speculates on Upcoming SEC Meeting Today"},"content":{"rendered":"

TL;DR<\/strong><\/span><\/p>\n

The Ripple vs. SEC legal battle is still ongoing, with some experts predicting a resolution by the end of summer. An SEC meeting today has fueled speculation about an imminent agreement.
\nRipple\u2019s token XRP has been rallying and could experience significant volatility based on the lawsuit\u2019s outcome. A favorable ruling might trigger a bull run, while the opposite decision could hinder its progress.<\/p>\n

<\/a><\/p>\n

Could Today be the Big Day?<\/h2>\n

The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has witnessed numerous developments lately. It entered its trial phase in April 2024 (more than three years after the start of the process), with both parties presenting necessary information and documents and abiding by the court rules.<\/span><\/p>\n

Despite being in its final stage, a resolution is still yet to come. Ripple\u2019s CEO recently <\/span>argued<\/span><\/a> that the entities might shake hands \u201cvery soon,\u201d while other experts were more precise with their predictions. <\/span>The<\/span> American attorney Fred Rispoli <\/span>suggested<\/span><\/a> that the case could be officially closed by July 31, whereas Jeremy Hogan thinks this could happen before the <\/span>summer\u2019s end<\/span>.<\/span><\/p>\n

Some X users <\/span>speculated<\/span><\/a> that <\/span>an agreement may be announced<\/span> as soon as<\/span> this week based on the SEC\u2019s closed meeting <\/span>scheduled<\/span><\/a> for today (July 25). The agency is supposed to discuss several subjects, including \u201cInstitution and settlement of administrative proceedings\u201d and \u201cResolution of litigation claims.\u201d The meeting <\/span>was initially set<\/span> for July 18 but later rescheduled for today.<\/span><\/p>\n

On the other hand, other industry participants reminded that the Commission often conducts similar gatherings, and so far, it has not <\/span>touched upon<\/span> the Ripple case.<\/span>\u00a0<\/span><\/p>\n

The Possible Impact on XRP<\/span><\/h2>\n

Ripple\u2019s native token has been rallying recently, briefly surging to $0.63 last week and currently hovering at around $0.61. It is among the few altcoins that have defied the market-wide correction<\/span>. <\/span>Bitcoin (BTC), for instance, <\/span>is<\/span> down<\/span> 2.5% in the past 24 hours, while Ethereum (ETH) has tumbled<\/a> by nearly 10% in the same period.<\/span>\u00a0<\/span><\/p>\n

A potential resolution of the Ripple v SEC lawsuit could trigger enhanced volatility for XRP as the asset could repeat its surge from last year in case of a positive outcome for the company or vice-versa.<\/span><\/p>\n

Some believe Ripple has the upper hand in the spat, having secured three vital (yet partial) court victories throughout 2023. XRP\u2019s price <\/span>skyrocketed<\/span><\/a> by over 70% mere hours after the first triumph in July last year. Back then, Judge Torres ruled that Ripple\u2019s programmatic sales to secondary trading platforms do not constitute offers of investment contracts.<\/span><\/p>\n

Those willing to learn more about the case and its possible impact on XRP, please take a look at our dedicated video below:<\/span><\/p>\n\n

<\/div>\n

Inl\u00e4gget Ripple (XRP) Community Speculates on Upcoming SEC Meeting Today<\/a> publicerades f\u00f6rst p\u00e5 CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The Ripple vs. SEC legal battle is still ongoing, with some experts predicting a resolution by the end of summer. An SEC meeting today has fueled speculation about an imminent agreement. Ripple\u2019s token XRP has been rallying and could experience significant volatility based on the lawsuit\u2019s outcome. A favorable ruling might trigger a bull […]<\/p>\n","protected":false},"author":0,"featured_media":3807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nRipple (XRP) Community Speculates on Upcoming SEC Meeting Today - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/sv\/ripple-xrp-community-speculates-on-upcoming-sec-meeting-today\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple (XRP) Community Speculates on Upcoming SEC Meeting Today - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR The Ripple vs. SEC legal battle is still ongoing, with some experts predicting a resolution by the end of summer. 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