ManuelRD
--
Bullish
🔥🔥
Ripple's Resolution Against the SEC Expected in August.
• XRP is trading at $3.07 with a market capitalization of $190B and a daily volume of $5.88B
• It consolidates in the range of $2.90-$3.60 after the peak of $3.40 in July
• It maintains its position as the third largest cryptocurrency with low recent volatility
• A bullish bias of 70.57% indicates cautious confidence from traders
Key Factors
• The SEC faces a crucial deadline on August 15, despite Ripple withdrawing its cross-appeal
• The $125M escrow agreement alleviates immediate liquidity concerns
• More than 11 asset managers have filed applications for XRP ETFs, with Bloomberg projecting a 95% approval before the end of the year
• Institutional holdings exceeding $1.7B under confidentiality agreements demonstrate growing widespread acceptance.
#xrp
#Ripple
#SEC
$XRP
Ripple's Resolution Against the SEC Expected in August.
• XRP is trading at $3.07 with a market capitalization of $190B and a daily volume of $5.88B
• It consolidates in the range of $2.90-$3.60 after the peak of $3.40 in July
• It maintains its position as the third largest cryptocurrency with low recent volatility
• A bullish bias of 70.57% indicates cautious confidence from traders
Key Factors
• The SEC faces a crucial deadline on August 15, despite Ripple withdrawing its cross-appeal
• The $125M escrow agreement alleviates immediate liquidity concerns
• More than 11 asset managers have filed applications for XRP ETFs, with Bloomberg projecting a 95% approval before the end of the year
• Institutional holdings exceeding $1.7B under confidentiality agreements demonstrate growing widespread acceptance.
#xrp
#Ripple
#SEC
$XRP
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