Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home Altcoin News

Why July Holds Key Significance For XRP Price, Ripple vs SEC Lawsuit And Crypto Market?

Hania by Hania
June 26, 2023
in Altcoin News, Bitcoin News
Reading Time: 2 mins read
A A
0
BitPay Provides XRP Holders With Access To Worldwide Support
Share on FacebookShare on Twitter
ADVERTISEMENT

Ripple vs SEC summary judgment will be scheduled for July’s end or August based on crypto market developments and court rulings. Price of XRP to $1?

Ripple CEO Brad Garlinghouse and chief legal officer Stuart Alderoty remain positive regarding a summary ruling in Ripple’s support as the US Securities and Exchange Commission’s position weakens. The cryptocurrency sector might experience a crucial month in July since many significant developments are anticipated by investors.

The US House Financial Service Committee is getting prepared to introduce a stablecoin bill and provide regulatory certainty. As a result, the US SEC and CFTC may have independent supervision over the cryptocurrency industry. Additionally, key rulings in other cases, including those involving Binance, Coinbase, Terraform Labs, and others, will be announced in July.

Why July Holds Key Significance for XRP Price, Ripple vs SEC Lawsuit, And Crypto Market?

You May AlsoLike

Brazil’s Central Bank To Enforce Stricter Crypto Laws

Brazil’s Central Bank To Enforce Stricter Crypto Laws

September 28, 2023
Crypto Scammers And Hackers Swipe $889 Million In Q3 2023

Crypto Scammers And Hackers Swipe $889 Million In Q3 2023

September 28, 2023

Despite the SEC lawsuit, Ripple continues to reach out to the world. The central bank of Singapore, the Monetary Authority of Singapore (MAS), granted in-principle approval of the Major Payments Institution license to Ripple Markets APAC Pte Ltd last week.

Read More: Ripple Obtains Singapore Major Payments Institution License

Additionally, institutional investors have resumed their purchases of XRP as ETFs experienced their first week of inflows following many weeks of outflows. The registration of the Bitcoin ETF and the entry of TradFi into the cryptocurrency market have sparked a rebound in interest among traders.

Ripple vs SEC: Will the XRP Price Rebound in July?

On June 26, renowned crypto analyst Ali Martinez shared interesting details on the correlation between network activity and the price of XRP on Twitter.

The price of XRP increased after a rise in the number of active XRP addresses in the last three instances of this year, according to data from Santiment. After a large increase in the number of daily active addresses, prices jumped by 25% in January, 50% in March, and 25% in May.

Why July Holds Key Significance for XRP Price, Ripple vs SEC Lawsuit, And Crypto Market?
Source: Santiment

“A spike in the number of active XRP addresses occurred before the last three instances in which the price of XRP increased.”

The number of daily active XRP addresses has increased recently, according to Santiment on-chain analytics. It suggests there is an excellent possibility the price of XRP is going to rise. A 50% is anticipated once more on the basis of past data and public sentiment in the US SEC v. Ripple dispute.

The price of XRP has increased by almost 35% this year. The price is currently $0.48, down 2% in the last 24 hours. The low and high points over the past 24 hours are $0.479 and $0.492, respectively.

 

Tags: LawsuitmarketRippleSEC
Share76Tweet48
ADVERTISEMENT
Previous Post

Binance Seeks To Set Up UAE As Its Central Operational Hub

Next Post

BRC 20 vs DRC 20: Everything You Need To Know

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Brazil’s Central Bank To Enforce Stricter Crypto Laws
Bitcoin News

Brazil’s Central Bank To Enforce Stricter Crypto Laws

September 28, 2023
Crypto Scammers And Hackers Swipe $889 Million In Q3 2023
Bitcoin News

Crypto Scammers And Hackers Swipe $889 Million In Q3 2023

September 28, 2023
Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins
Altcoin News

Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins

September 28, 2023
Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support
Crypto Exchanges

Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support

September 28, 2023
US Lawmakers Call For SEC Chair To Pause Rulemaking Amid Concerns
Bitcoin News

US Lawmakers Call For SEC Chair To Pause Rulemaking Amid Concerns

September 27, 2023
XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023
Altcoin News

XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023

September 27, 2023
Next Post
BRC 20 vs DRC 20: Everything You Need To Know

BRC 20 vs DRC 20: Everything You Need To Know

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    201 shares
    Share 80 Tweet 50
  • XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023

    198 shares
    Share 79 Tweet 50
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • 3 Cryptocurrencies To Avoid Trading In The Upcoming Week

    194 shares
    Share 78 Tweet 49
  • Grayscale vs. SEC Decision Boosts XRP

    194 shares
    Share 78 Tweet 49
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.