The speculation around a potential secret settlement in the Ripple XRP case has intensified following the U.S. Securities and Exchange Commission's (SEC) announcement of a closed-door meeting. However, the meeting scheduled for July 18 was abruptly canceled, leaving market participants questioning the implications for XRP's price trajectory.
Ex-SEC Lawyer Denies Settlement Rumors
Former SEC attorney Marc Fagel has refuted claims that settlement discussions are underway between Ripple Labs and the SEC. Fagel emphasized that both parties are awaiting a final judgment from the district court regarding the remedies phase, dismissing widespread rumors.
"The SEC has held nearly 150 such meetings since the case began, yet Crypto Twitter insists each one signals an imminent settlement," Fagel stated.
Topics originally slated for the SEC’s agenda included:
- Institution and settlement of injunctive actions
- Administrative proceedings
- Resolution of litigation claims
Market analysts had speculated the meeting might address the Ripple XRP case or the Binance lawsuit, but its cancellation—attributed to potential Spot Ethereum ETF approvals—has shifted focus.
XRP Price Surge Ahead of Key Ruling
Pro-XRP lawyer Bill Morgan highlighted bullish momentum for XRP as the case nears a critical deadline. Analysts anticipate a ruling on penalties and injunctions by late July or early August.
Technical indicators suggest a potential breakout:
- Monthly RSI poised to end a 6.5-year downtrend
- Symmetrical triangle pattern nearing resolution
- 40% price surge within a week
👉 Track real-time XRP price movements
Current XRP Metrics:
| Metric | Value |
|--------------------------|-----------------|
| Price | $0.58 |
| 24-Hour High | $0.636 |
| Trading Volume Change | +6% |
| Futures Open Interest | $1.35B (+22%) |
FAQs: Ripple XRP Case and Market Impact
1. Is a settlement between Ripple and the SEC likely?
No confirmed talks exist. Both parties await a court ruling on financial penalties and operational restrictions.
2. Why was the SEC meeting canceled?
While unconfirmed, analysts link the cancellation to pending Spot Ethereum ETF approvals.
3. What’s next for XRP’s price?
A breakout above the $0.60 resistance level could propel XRP toward $1, fueled by rising open interest and trading volume.
4. How does the Binance lawsuit affect Ripple?
Parallel regulatory actions may influence the SEC’s approach, but direct impacts remain speculative.
👉 Explore crypto market trends
Conclusion
The Ripple XRP case continues to dominate crypto headlines, with XRP’s price reflecting investor optimism. As legal developments unfold, market participants should monitor technical levels and regulatory updates for strategic opportunities.
Disclaimer: This content is for informational purposes only. Conduct independent research before making financial decisions.
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