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XRP price market sentiment accompanies the most recent upswing. However, from a technical standpoint XRP price still faces strong resistance.

A crypto legal expert says that the Judge in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple Labs is losing patience with the regulatory agency for flip-flopping on its story.

Ripple co-founder Jed McCaleb is finishing selling off 9 billion XRP after nearly a decade of gradually unloading his holdings to the market.

Since December 2020, Ripple hasn’t rested from negative anticipations of a crash. Instead, the crypto that seemed promising from inception started plummeting when the United States Securities and Exchange Commission (SEC) sued it.

The U.S. Securities and Exchange Commission may conceal some information about an expert witness in its lawsuit against cryptocurrency company Ripple Labs because...

San Francisco-based payments company Ripple is signing a new partnership involving non-fungible tokens (NFTs).

The United States Securities and Exchange Commission (SEC) is attempting to block Ripple (XRP) holders from aiding in Ripple’s defense, and prohibit attorney John E. Deaton from any further participation in proceedings. And this SEC vs. XRP case has been on for what seems like forever. Though the proceedings look inconsistent, the XRP community is well aware of all the developments that have been going on. The community members have been keenly observing who said what, what the filing was about, and what motions were rejected.

On Monday, July 18, XRP managed to climb up to the sixth spot by market capitalization on CoinMarketCap, reaching $17.63 billion. This is an impressive milestone for the Ripple-affiliated token as it surpassed not only Binance USD but also its competitors Cardano, Solana and Dogecoin. XRP owes its taking the sixth spot to a more than 20% weekly increase in the token's price, 8% of which came from the current bullish momentum. The triggers for XRP price growth include Jed McCaleb's wallet emptying, the Ripple-SEC lawsuit gaining momentum and XRPL rapid development. In addition to this, XRP simply had nowhere else to fall. After the last capitulation in early June, XRP went into a long accumulation phase. With no reason to fall further, it rapidly surged upward as the overall crypto market rose. Read more on U.Today https://u.today/xrp-beats-binance-usd-by-market-cap-indias-central-bank-plans-to-ban-crypto-ada-predicted-to-end

In their second attempt to break above the overhead resistance at $0.38, the bulls once again failed. This caused the price to move towards the 50-day moving average line.

Ripple has been dealing with the ongoing SEC lawsuit for quite some time now. Buying pressure has been on the rise, but the price of XRP hasn’t been following an uptrend. Thus, making it difficult for investors to continue HODLing.

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“The recordings are hosted on two video platforms and are subject to those platforms’ terms of service, which based on the Defendants’ due diligence prohibit end users from downloading their own copies without prior consent.”

Stuart Alderoty, general counsel of Ripple, took aim at the U.S. Securities and Exchange Commission in a series of recent tweets.

XRP price remains at the mercy of the outcome of the lawsuit between the SEC and Ripple. While Ripple is fighting to get its hands on the former director of US Securities & Exchange Commission (SEC) William Hinman’s 2018 speech, the SEC is trying to shield it by crying “attorney-client” privilege.

Former Ripple CTO Jed McCaleb has sold the last of his XRP holdings, according to a statement from the company today.

During a recent congressional hearing on the oversight of the U.S. Securities and Exchange Commission’s Division of Enforcement, Rep. Brad Sherman (D-CA) stated that XRP, one of the top cryptocurrencies by market capitalization, is a security. Read more on U.Today https://u.today/us-congressman-says-xrp-is-a-security

The U.S. Securities and Exchange Commission (SEC) is seeking to bar XRP holders from coming to Ripple’s legal aid. In its latest court motion, the regulator also moved to prohibit attorney John Deaton from participating in the court process.

Ripple’s partner Qatar National Bank (QNB) has signed a remittance service deal with China Bank allowing direct money transfers from Qatar to the Philippines. QNB, an official sponsor of the FIFA World Cup 2022, will the RippleNet cross-border payment settlement solution to ensure safe and smooth remittance transfers.

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