XRP Eyes Major Gains Amid SEC Settlement Hopes Ripple’s XRP has experienced a notable price surge recently, driven by speculation about a potential settlement in the ongoing SEC lawsuit. On July 12, XRP jumped by 5.63%, closing at $0.4745. This rise follows a 2.05% gain on the previous day, reflecting growing investor optimism​ ( FX Empire )​.
Potential Settlement and Legal Developments The crypto community is abuzz with expectations that the SEC and Ripple might reach a settlement soon. An important closed meeting at the SEC headquarters is scheduled for July 18, with agenda items including settlements and resolutions to litigation claims. This meeting has fueled speculation that a resolution could be on the horizon​ ( FX Empire )​.
Market Performance and Investor Sentiment The broader cryptocurrency market has also shown positive trends, with XRP tracking these movements. Recent court rulings, including the acknowledgment that programmatic sales of XRP do not violate securities laws, have bolstered confidence in Ripple’s legal standing. However, the pending court verdict on penalties and possible injunctions against institutional sales remains a key factor to watch​ ( FX Empire )​.