Entering August, $XRP welcomes great news 🎉—— the "protracted" lawsuit with the SEC has finally come to an end! On August 7, both sides submitted a joint motion to dismiss in the U.S. Court of Appeals for the Second Circuit, officially ending this tug of war 💥.
Even more exciting, the calls for the approval of an XRP ETF are getting louder 🔥! According to Polymarket predictions, the probability of XRP ETF approval is as high as 81%! What does this mean? Traditional big players can easily buy $XRP through formal channels, and huge funds are expected to flood in, making a booming market just around the corner 🚀.
The technical aspect is also supportive! The 4-hour chart shows that $XRP is rebounding in the 0.5-0.618 Fibonacci retracement zone, which is a golden signal for the continuation of a bull market 🌈. On the daily chart, the price is firmly above the 10, 20, and 50 short-term moving averages, indicating strong buying power and solid control of the battlefield ⚔️.
Currently, the price of $XRP is hovering around $3.15, with a conservative estimate of an 8% upside potential, and it may even challenge historical highs 💰. Friends, are you ready to embrace this wave of "sweet surge"? 📈🔥#ETH突破4300
