Ripple’s XRP is maintaining its position above the $0.60 threshold while market participants anticipate a meeting between Ripple and the U.S. Securities and Exchange Commission (SEC).
The crypto has had a substantial increase, establishing a bullish ascending triangle pattern and reaching a peak of $0.63 before facing opposition.
There is a positive outlook in the market on the closed-door meeting scheduled for July 25, 2024, between the SEC and Ripple, since it has the potential to result in a resolution between the two parties.
The price of XRP is currently higher than the support level of $0.60. SBI Holdings, a strategic partner of Ripple, intends to venture into the ETF market in cooperation with Franklin Templeton, giving rise to conjecture over the possibility of an XRP ETF. The current trade price of XRP is $0.6198, and its market capitalization is $33.94 billion.
