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)​.

XRP’s Legal Saga Nears Conclusion: The XRP community is abuzz with anticipation as the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be nearing a conclusion. Pro-crypto attorney Fred Rispoli has suggested that a ruling could be handed down by July 31, 2024. This case has been pivotal, with Ripple leveraging recent favorable court decisions, such as Binance’s victory, to challenge the SEC’s stance on XRP sales. The outcome of this legal dispute could significantly impact XRP’s regulatory landscape and market performance​ (CoinCodex)​​ (Finbold)​.

Securities and Exchange Commission</a> dropped a lawsuit against two executives from Ripple Labs, a crypto company with close ties to the token.

In the past 48 hours, XRP has experienced notable legal and market developments, primarily driven by the ongoing SEC lawsuit and significant market movements.

Ripple's 60 million XRP transfer to undisclosed wallet raises questions as XRP's price rally faces stop

The positive sentiment around the digital asset has given it renewed excitement within the industry. Amid that growth, Ripple (XRP) CEO Brad Garlinghouse has stated his belief that crypto has a multichain future. Specifically, he spoke on the necessity and potential vitality of collaboration.

Ripple, the developer behind the XRP Ledger and the largest holder of XRP, recently sold 150 million XRP from its July reserves, valued at $64.5 million. This transaction marks a $13.5 million decrease compared to similar activities last month, according to Finbold.

Over the past 48 hours, Ripple’s XRP has seen significant price movements, driven by key developments in its ongoing legal battle with the SEC, investor sentiment, and broader market trends. XRP surged above $0.65, marking a 72% increase since early July 2024. This rise is fueled by improved market liquidity and bullish comments from key figures in the cryptocurrency space.

Ripple’s XRP Ledger (XRPL) is rolling out an upgrade as part of a two-week activation countdown, with backing from over 80% of validators.

Ripple’s Legal Battle Nears Conclusion as XRP Eyes Significant Gains July 18, 2024 — The past 48 hours have been pivotal for Ripple (XRP), marked by significant price movements and key developments in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). As Ripple continues to navigate regulatory challenges, XRP has experienced a notable surge, reflecting growing investor confidence and anticipation of a favorable outcome.

Ripple’s XRP surged past $0.48, gaining nearly 1%, after a pivotal court ruling was used in the SEC’s lawsuit against Binance. Judge Amy Berman Jackson of the US District Court for the District of Columbia dismissed some charges against Binance, citing the Ripple ruling. This precedent, established by Judge Analisa Torres in July 2023, determined that secondary market sales of XRP do not classify as securities under the Howey test.

Ripple’s Chief Technology Officer, David Schwartz, recently addressed the XRP community’s growing concerns about the cryptocurrency ’s price drop amidst the broader market downturn. As major cryptocurrencies face significant selling pressure, XRP has hit its lowest price point since March 2023, leading to fear, uncertainty, and doubt among investors.

Ripple’s XRP has seen significant price action in the past 48 hours, influenced heavily by ongoing legal developments and broader market movements.

Ripple’s XRP has skyrocketed above $0.50 in the past few minutes. The cryptocurrency seems to be following the uptick in the entire market, as most coins are trading well in the green.

John E Deaton praises Ripple for growth amid challenges and suggests Ripple’s CEO, Brad Garlinghouse, could be the “CEO of the decade.”

Ripple CTO suggests reasons for the unusual 20 XRP fee associated with a mysterious 410M XRP transaction that raised questions.

Agency agrees to dismiss allegations against Ripple Labs executives after earlier losing part of its case against the company

Ripple has made a significant move in the political arena by donating $1 million to support John Deaton’s campaign to unseat Senator Elizabeth Warren in Massachusetts. This contribution is directed through the Commonwealth Unity Fund, a super PAC established by James Murphy, a pro-XRP lawyer. The PAC aims to support candidates favorable to the cryptocurrency industry and challenge those who are not, with Warren being known for her critical stance on crypto.

The past 48 hours have been eventful for XRP, as Ripple Labs inches closer to a pivotal moment in its ongoing legal battle with the SEC. Here’s a detailed roundup of the latest developments and market movements impacting XRP.

Ripple's Chief Technology Officer, David Schwartz, recently addressed concerns about the declining price of XRP, emphasizing the token's practical utility despite market fluctuations.