{"id":114133,"date":"2023-06-26T16:44:56","date_gmt":"2023-06-26T16:44:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/why-july-is-crucial-for-ripple-vs-sec-lawsuit-xrp-price-overall-crypto-market-crypto-news\/"},"modified":"2023-06-26T16:44:58","modified_gmt":"2023-06-26T16:44:58","slug":"why-july-is-crucial-for-ripple-vs-sec-lawsuit-xrp-price-overall-crypto-market-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/why-july-is-crucial-for-ripple-vs-sec-lawsuit-xrp-price-overall-crypto-market-crypto-news\/","title":{"rendered":"Why July Is Crucial For Ripple Vs SEC Lawsuit, XRP Price &#038; Overall Crypto Market\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ripple CEO Brad Garlinghouse and chief legal officer Stuart Alderoty remain optimistic about summary judgment in Ripple&#8217;s favor as the US SEC&#8217;s argument becomes weak.  July could prove to be a crucial month for the crypto market, with many major developments expected by investors.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-house-to-bring-digital-asset-clarity-bill-for-sec-or-cftc-jurisdiction-in-weeks\/\">US House Financial Services Committee prepares<\/a> to bring regulatory clarity and a stablecoin bill.  This could also see US SEC and CFTC having separate control of the crypto market.  Moreover, Judges in different cases including <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/tag\/binance-vs-sec\">Binance<\/a>Coinbase <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/breaking-us-sec-lawsuit-against-terraform-and-do-kwon-could-be-dismissed\/\">Terraform Labs<\/a>and others will announce major decisions in July.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.71 --><\/p>\n<p>Ripple continues its global outreach despite the SEC lawsuit.  Last week, Ripple Markets APAC Pte Ltd <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ripple-gets-major-payments-institution-license-in-singapore-xrp-price\/\">received in-principle approval<\/a> of the Major Payments Institution license from Singapore&#8217;s central bank Monetary Authority of Singapore (MAS).<\/p>\n<p>In addition, institutional investors are again buying XRP as ETFs recorded the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-investment-products-see-largest-weekly-inflow-since-july-2022-bitcoin-btc-has-the-lions-share\/\">first week of inflow<\/a> after many weeks of outflows.  The renewed interest amid Bitcoin ETF filing and TradFi entering crypto industry has led to an increase in sentiment among traders.<\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" title=\"Breaking: Binance Withdraws License From Another European Country, Focus In UAE\" href=\"https:\/\/coingape.com\/breaking-binance-withdraws-license-from-another-european-country-focus-in-uae\/\">Binance Withdraws License From Another European Country, Focus In UAE<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.71 --><\/p>\n<h2>Ripple vs SEC: XRP Price to Jump Again in July?<\/h2>\n<p>Popular crypto analyst Ali Martinez <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1673323727868809217\">taken<\/a> to Twitter on June 26 to share interesting data on the relationship between network activity and XRP price.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.71 --><\/p>\n<p>According to Santiment data, XRP price jumped higher following a spike in the number of active XRP addresses in the last three instances this year.  Prices soared 25% in January, 50% in March, and 25% in May after daily active addresses increased significantly.<\/p>\n<figure style=\"width: 739px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/FzifQDeX0AE9E-H?format=jpg&#038;name=large\" alt=\"XRP Price and Daily Active Addresses\" width=\"739\" height=\"361\"\/><\/noscript><figcaption class=\"wp-caption-text\">XRP Price and Daily Active Addresses.  Source: Santiment<\/figcaption><\/figure>\n<blockquote>\n<p>\u201cThe last three instances <span class=\"link-complex-target\">XRP<\/span> price jumps were preceded by a spike in the number of active <span class=\"link-complex-target\">XRP<\/span> addresses.\u201d<\/p>\n<\/blockquote>\n<p>Santiment on-chain data shows a surge in XRP daily active addresses in the last few days.  It indicates a high probability of a jump in XRP price.  As per historical data and US SEC v.  Ripple lawsuit sentiment, a 50% is expected again.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\">XRP price<\/a> has rallied more than 35% this year.  The price is currently trading at $0.48, down 2% in 24hrs.  The 24-hour low and high are $0.479 and $0.492, respectively.<\/p>\n<p><strong><a rel=\"nofollow noopener\" target=\"_blank\" title=\"Major Events This Week: GDP &#038; Inflation Data, US Fed Powell Speech, Monthly Expiry, And More\" href=\"https:\/\/coingape.com\/major-events-this-week-gdp-inflation-data-us-fed-powell-speech-monthly-expiry-and-more\/\">Major Events This Week: GDP &#038; Inflation Data, US Fed Powell Speech, Monthly Expiry, And More<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.71 --><\/p>\n<div class=\"quads-location quads-ad86313 \" id=\"quads-ad86313\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n<!--   --><\/p>\n<p><!-- \n\n<div class=\"ad-container-layout\">\n      \n\n<div class=\"ad-container\">\n        <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bit.ly\/3JbHb8M\">\n          <img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%200%200'%3E%3C\/svg%3E\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\"><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\"><\/noscript>\n        <\/a>\n        \n\n<div class=\"ad-content\">\n          <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bit.ly\/3JbHb8M\">\n            <span class=\"ad-title\">Bitget is a Leading Derivatives Trading Platform. 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Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.  With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies.  He is currently covering all the latest updates and developments in the crypto industry.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD152771\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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July could prove to be a crucial month for the crypto market, with many major developments expected by investors. The US House Financial Services Committee prepares to bring regulatory clarity [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":114134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-114133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/114133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=114133"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/114133\/revisions"}],"predecessor-version":[{"id":114135,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/114133\/revisions\/114135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/114134"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=114133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=114133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=114133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}