Investors’ hopes on XRP were skyrocketing when the token touched a height of $ 3.26 within the day on July 24. But as soon as there was no clear decision from SEC, the price of XRP fell to $ 3.1453, which shows a decline of 1.26%. The biggest reason behind this decline is SEC’s uncertainty to withdraw the appeal on XRP’s Programmatic Sales case. If SEC withdraws this appeal, it may be a new beginning for XRP.
Will SEC’s green signal break new life in XRP
There is tremendous enthusiasm in the market about voting on SEC’s appeal in the RIPPLE case. If this appeal is withdrawn, it will end the four -year -old case. After this decision, the way for the launch of XRP Spot ETF can be cleared
Which will boom in both the demand and price of XRP. Experts believe that SEC may vote in the meeting to be held on August 14, as they have to give a status report to the court by 15 August.
Bitcoin’s struggle and investors’ eyes on the White House
On the other hand, Bitcoin has slipped below $ 118,000. This decline has been seen amid reports related to the Crypto report coming from the President’s Office and BTC-Spot ETF. However, investors’ eyes are still on whether the US government will adopt Bitcoin as a strategic reserve asset. If this happens, the BTC may again touch an all-time high of $ 122,000.
XRP vs Eth and SOL who is ahead
The XRP has shown a 39% jump in July so far, which is a good performance compared to 47% of Eth and 18% of SOL. This shows that investors still have confidence in XRP, and XRP’s fate rests on SEC’s decision. If XRP crosses $ 3.3, its journey to $ 3.66 and then $ 4 may intensify.
Clock of decisions close
Now everyone’s eyes are on the next step of SEC. If the appeal is withdrawn and the XRP-ETF is approved, it can be taken to the highest level of history. On the other hand, the paths of Bitcoin also depend on the decisions of the US government and Capitol Hill.
Disclaimer: This article has been written only for the purpose of general information. Do not take any information given in it as investment advice. Crypto market is unstable, before investing, consult your financial advisor.
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