{"id":352928,"date":"2024-07-26T22:20:37","date_gmt":"2024-07-26T16:50:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/xrp-price-rally-stalls-as-experts-downplay-settlement-hopes-after-sec-closed-door-meeting-crypto-news\/"},"modified":"2024-07-26T22:25:59","modified_gmt":"2024-07-26T16:55:59","slug":"xrp-price-rally-stalls-as-experts-downplay-settlement-hopes-after-sec-closed-door-meeting-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-rally-stalls-as-experts-downplay-settlement-hopes-after-sec-closed-door-meeting-crypto-news\/","title":{"rendered":"XRP Price Rally Stalls As Experts Downplay Settlement Hopes After SEC Closed Door Meeting &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">XRP price has seen significant fluctuations over the past few days, demonstrating a bullish trend across the board. The cryptocurrency has been hovering above the critical $0.59 support level, reflecting a resilient buyer presence in the market. This marks a notable recovery phase for XRP after a period of volatility.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, over the past 24 hours, the market has witnessed a slight pullback in XRP price. The decline raises concerns about whether the support level will hold if bearish pressures continue. <\/span><span style=\"font-weight: 400;\">As of the reporting time, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/\"><span style=\"font-weight: 400;\">XRP<\/span><\/a><span style=\"font-weight: 400;\"> is trading at $0.5906, with a slight decrease of 2% during the U.S. trading session.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<h2><strong>XRP Price Fluctuates Amid SEC Rumors<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Over the past week, the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/cryptocurrency\/\"><span style=\"font-weight: 400;\">cryptocurrency<\/span><\/a><span style=\"font-weight: 400;\"> has witnessed a notable surge in value, climbing by 9%. The price of XRP saw a weekly low of $0.54 and reached a high of $0.62 during this period.\u00a0 <\/span><span style=\"font-weight: 400;\">This upward movement is captured in its recent price, which shows significant fluctuations but an overall positive trend over the last seven days.<\/span><\/p>\n<figure id=\"attachment_209712\" aria-describedby=\"caption-attachment-209712\" style=\"width: 1154px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-209712\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/XRPUSDT_2024-07-26_19-16-51-1.png\" alt=\"XRP Price Rally Stalls As Experts Downplay Settlement Hopes After SEC Closed Door Meeting\" width=\"1154\" height=\"588\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/XRPUSDT_2024-07-26_19-16-51-1.png 1154w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/XRPUSDT_2024-07-26_19-16-51-1-300x153.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/XRPUSDT_2024-07-26_19-16-51-1-768x391.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/07\/XRPUSDT_2024-07-26_19-16-51-1-150x76.png 150w\" sizes=\"auto, (max-width: 1154px) 100vw, 1154px\"\/><\/noscript><figcaption id=\"caption-attachment-209712\" class=\"wp-caption-text\">XRP Price| Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/lmgi3fsH\/\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The 4-hour technical chart for XRP\/USDT on Binance indicates moderate volatility in the market over the past several weeks. The Moving Average Convergence Divergence (MACD) shows a relatively flat movement, suggesting a lack of strong directional momentum in the short term. <\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">The MACD line is close to crossing below the signal line, a potential indicator of a bearish trend if it continues. <\/span><span style=\"font-weight: 400;\">The<\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\"><span style=\"font-weight: 400;\"> Relative Strength Index <\/span><\/a><span style=\"font-weight: 400;\">(RSI)\u00a0 stands at 43, indicating that XRP price is neither overbought nor oversold.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ripple-sec-settlement-xrp-lawyer-spotlights-major-obstacle-if-agency-accepts-deal\/\"><span style=\"font-weight: 400;\">XRP<\/span><\/a><span style=\"font-weight: 400;\"> settlement rumors swirling, Ripple Labs finds itself at a pivotal point in its ongoing legal tussle with the U.S. Securities and Exchange Commission (SEC).\u00a0<\/span><span style=\"font-weight: 400;\">Enthusiasts of XRP have high hopes for a favorable outcome, stirred by recent statements from Ripple\u2019s CEO about potential settlement talks. Legal experts supportive of XRP argue that a settlement could significantly affect <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-news-lawyer-seeks-ripple-lawsuit-drop-amid-kamala-harris-crypto-pivot\/\"><span style=\"font-weight: 400;\">Ripple<\/span><\/a><span style=\"font-weight: 400;\"> operations.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><noscript><link rel=\"stylesheet\" id=\"quads-style-css-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/quick-adsense-reloaded\/includes\/gutenberg\/dist\/blocks.style.build.css?ver=2.0.82\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.6\" type=\"text\/css\" media=\"1\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"logdash-activity-log-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/plugins\/logdash-activity-log\/assets\/build\/index.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"parent-style-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/style.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"bootstrap-css-css\" href=\"https:\/\/coingape.com\/wp-content\/themes\/coingapev3\/css\/bootstrap.min.css?ver=6.6\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"Carousel-css2-css\" href=\"https:\/\/coingape.com\/wp-content\/themes\/coingapev3\/css\/owl.carousel.min.css?ver=6.6\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"Carousel-css-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/css\/owl.theme.default.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"mh-magazine-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/style.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"mh-font-awesome-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/includes\/font-awesome.min.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"tablepress-default-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/tablepress-combined.min.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/maincss.css?ver=1721904947\"\/><link data-minify=\"1\" rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/mobile.css?ver=1721904947\"\/><\/noscript><\/p>\n<p><span style=\"font-weight: 400;\">They caution, however, that a settlement could bar further appeals, a reason it might not occur. A pro-XRP attorney criticized the SEC\u2019s stiff demands, which include penalties totaling approximately $2 billion for disgorgement and interest.\u00a0<\/span><span style=\"font-weight: 400;\">He expressed skepticism about the SEC\u2019s ability to enforce such a substantial financial penalty against the cryptocurrency firm.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP price is facing strong rejection at $0.62. If bullish sentiment returns, it could reach $0.68 or even $0.70. However, if bears take control, the price may fall back to support levels at $0.58 or lower, potentially testing the resilience of the $0.55 support zone<\/span><\/p>\n<p><noscript><link rel=\"stylesheet\" id=\"quads-style-css-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/quick-adsense-reloaded\/includes\/gutenberg\/dist\/blocks.style.build.css?ver=2.0.82\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.6\" type=\"text\/css\" media=\"1\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"logdash-activity-log-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/plugins\/logdash-activity-log\/assets\/build\/index.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"parent-style-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/style.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"bootstrap-css-css\" href=\"https:\/\/coingape.com\/wp-content\/themes\/coingapev3\/css\/bootstrap.min.css?ver=6.6\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"Carousel-css2-css\" href=\"https:\/\/coingape.com\/wp-content\/themes\/coingapev3\/css\/owl.carousel.min.css?ver=6.6\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"Carousel-css-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/css\/owl.theme.default.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"mh-magazine-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/style.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"mh-font-awesome-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/includes\/font-awesome.min.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"tablepress-default-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/tablepress-combined.min.css?ver=1721904947\" type=\"text\/css\" media=\"all\"\/><link data-minify=\"1\" rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/maincss.css?ver=1721904947\"\/><link data-minify=\"1\" rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/coingapev3\/mobile.css?ver=1721904947\"\/><\/noscript><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tYes, if bullish sentiment increases and surpasses $0.62, reaching $0.65 is possible, though market volatility remains a factor.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \t A favorable settlement could boost XRP&#8217;s price, while uncertainty or negative outcomes might lower it.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tInvesting in XRP requires considering ongoing volatility, regulatory challenges, and personal risk tolerance.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"m-0\">Related Articles<\/p>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div 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CoinGape writers and reporters contributed to this article.                         <\/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\/452042cc86ff4d4cff7e64f282bd5358?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\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?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=\"TabD209709\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" 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days, demonstrating a bullish trend across the board. The cryptocurrency has been hovering above the critical $0.59 support level, reflecting a resilient buyer presence in the market. This marks a notable recovery phase for XRP after a period of volatility. However, over the past 24 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":342299,"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-352928","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\/352928","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=352928"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352928\/revisions"}],"predecessor-version":[{"id":352931,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352928\/revisions\/352931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/342299"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=352928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=352928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=352928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}