SEC's Agenda for the Ripple Meeting as XRP Price Pumps

Whoever is even remotely following the Ripple vs SEC case knows that there's a meeting behind closed doors for SEC scheduled on Thursday, July 25th.

The US Securities and Exchange Commission (SEC) has a closed meeting scheduled for Thursday, July 25th, which has sparked rumors within the crypto community regarding a potential settlement with Ripple Labs Inc. (XRP) in its ongoing lawsuit against the SEC.

According to the SEC's official website, an agenda for this meeting is available, highlighting the following topics:

This broad agenda could encompass discussions on the Ripple case, considering the mentions of "settlement of administrative proceedings" and "resolution of litigation claims." However, it's crucial to note that the SEC handles numerous cases simultaneously, and this agenda does not explicitly mention Ripple.

Hence, while the timing aligns with the anticipation of a Ripple settlement, it's important to note that this meeting may not solely pertain to Ripple.

As a reminder, Ripple and two of its executives are facing a lawsuit from the SEC, filed in December 2020, over the sale of XRP, which the SEC claims is an unregistered security.

Recently, both parties filed motions for summary judgment, presenting their final arguments before the court. Now, the crypto community awaits the judge's decision on whether XRP is a security.

Meanwhile, XRP has seen a significant price rally, rising over 10% in the past 24 hours to trade at $0.61. This price surge comes after a period of consolidation, with whale transactions indicating strong confidence in the token.

However, technical indicators on the XRP 4-hour chart show bearish signs, with the RSI below 45 and the MACD line below the MACD signal line. Positive news from the SEC meeting on Thursday could help propel XRP past the $0.7 resistance.

The above is the detailed content of SEC's Agenda for the Ripple Meeting as XRP Price Pumps. For more information, please follow other related articles on the PHP Chinese website!