Ripple Lawsuit Update: SEC Reschedules Key Meeting, XRP Token Reacts!
- The SEC has rescheduled the closed-door meeting with Ripple for July 25.
- In anticipation of an imminent settlement, XRP surged by more than 20% over the past month.
- The meeting was initially scheduled for July 18 but was canceled on July 17.
Ripple’s XRP token has surged over 6% after the Securities and Exchange Commission rescheduled a closed-door meeting, reigniting hopes for a potential settlement in the long-running legal battle between the two entities. The meeting, now slated for July 25, has fueled speculation that a resolution may be imminent.
The SEC initially scheduled a closed-door meeting for July 18, fueling optimism among the XRP community for a potential resolution to the ongoing lawsuit against Ripple. However, those hopes were dashed when the agency abruptly canceled the meeting a day before, sending XRP’s price tumbling to a low of $0.5448 on July 19.
The latest move has ignited an optimistic picture, with XRP trading at $0.5938, marking an increase of 6.76% in a day. It is noteworthy that the XRP token has seen larger surges of 17.54% and 20.21% over the last week and month, respectively. Nonetheless, there is a significant loss of 15% i…
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