{"id":124376,"date":"2023-07-19T05:04:03","date_gmt":"2023-07-19T05:04:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/xrp-price-jumps-past-0-80-again-as-judge-seeks-settlement-crypto-news\/"},"modified":"2023-07-19T05:04:05","modified_gmt":"2023-07-19T05:04:05","slug":"xrp-price-jumps-past-0-80-again-as-judge-seeks-settlement-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-jumps-past-0-80-again-as-judge-seeks-settlement-crypto-news\/","title":{"rendered":"XRP Price Jumps Past $0.80 Again As Judge Seeks Settlement\n – Crypto News"},"content":{"rendered":"

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Ripple’s native cryptocurrency XRP has once again caught momentum by shooting another 8% in the last 24 hours and is currently trading over $0.80 with a market cap of $41.68 billion. With today’s price surge, XRP is up by 66% on the weekly chart and is the fourth-largest cryptocurrency on the market.<\/p>\n

While the broader cryptocurrency market has entered a consolidation phase, Ripple’s XRP has continued to outperform in this scenario. Last week, Judge Analisa Torres ruled that XRP, Ripple’s cryptocurrency, is not considered an investment contract or a security.<\/p>\n

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This decision had a big impact on the cryptocurrency market, leading to increased optimism and a surge in buying. As a result, many altcoins, including XRP, reached their highest values \u200b\u200bof the year.<\/p>\n

Following the SEC ruling, the trading volumes for Ripple XRP shot up significantly. Over the last week, XRP’s trading volumes have also surpassed that of Bitcoin.<\/p>\n

Judge Orders Ripple and SEC to Settle the Case<\/h3>\n

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Earlier this week on Monday, Magistrate Judge Sarah Netburn, who now handles the case, ordered the US SEC and Ripple to a settlement conference. Judge Netburn instructed Ripple and the US SEC<\/a> to coordinate and agree on three suitable dates for a settlement conference, but only if they believe it would be helpful at this point. It is important to schedule these conferences 6-8 weeks in advance due to the Court’s busy schedule.<\/p>\n

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\u201cThe Court will likely be unable to accommodate last-minute requests for settlement conferences, and the parties should not anticipate that litigation deadlines will be adjourned in response to late requests for settlement conferences,\u201d noted Judge Netburn.<\/p>\n

The optimism surrounding Ripple’s XRP has been growing very fast following the recent ruling on the court. Ripple is also exploring the use of its on-demand liquidity solution (ODL) for instant cross-border settlements, using XRP, in the United States.<\/p>\n

Ripple’s General Counsel Stuart Alderoty recently said that American banks could use Ripple’s ODL solution going ahead. “Hopefully this quarter will generate a lot of conversations in the United States with customers, and hopefully some of those conversations will actually turn into a real business,” he said.<\/p>\n

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explores his culinary skills. <\/p>\n<\/p><\/div>\n

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