XRP Price Forecast: As Ripple Closed Door Meeting With SEC Nears, Experts Say This Casino Crypto ICO Might 100X
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The
XRP
price
rose
a
fraction
of
a
percent
in
the
last
24
hours
to
trade
at
$0.60
as
of
04:02
a.m.
EST
on
trading
volume
that
surged
22%
to
$2
billion.
This
comes
as
the
Securities
and
Exchange
Commission
(SEC)
rescheduled
a
closed-door
meeting
with
Ripple
that
had
been
scheduled
for
July
23
to
July
25.
The
meeting
has
reignited
hopes
for
a
potential
settlement
in
the
long-running
legal
battle
between
the
two
entities.
Ripple
CEO
Brad
Garlinghouse
also
told
Bloomberg
in
a
recent
interview
that
the
SEC
lawsuit
will
end
“very
soon.”
With
the
anticipation
of
a
settlement,
the
XRP
price
has
surged
11%
in
the
past
two
weeks,
rising
from
the
$0.4412
support
zone
to
as
high
as
$0.62,
according
to
data
from
GeckoTerminal.
XRP
Price
To
Soar
Over
The
Ascending
Triangle
The
price
of
XRP
has
been
fluctuating
within
the
$0.62
range,
forming
an
ascending
triangle
pattern,
with
the
bulls
aiming
to
push
the
token
above.
XRP
trades
well
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs)
on
the
4-hour
chart,
affirming
the
bullish
trend
continuation
in
the
coming
days.
Moreover,
the
relative
Strength
Index
(RSI)
is
trading
downwards
from
the
overbought
region
as
it
heads
down,
indicating
that
sellers
are
taking
control
of
the
price.
If
the
selling
continues,
the
price
of
XRP
could
retrace
back
to
$0.496,
which
coincides
with
the
200-day
SMA.
However,
if
the
bulls
capitalize
on
the
ascending
triangle
to
push
the
token
up,
the
price
could
soar
to
the
next
target
of
$0.71.
The
50-day
SMA
crosses
above
the
200-day
SMA,
forming
a
golden
cross
at
$0.47.
A
golden
cross
could
encourage
the
XRP
price
bulls
to
buy
more,
pushing
the
price
to
the
target.
Meanwhile,
as
investors
drive
the
XRP
price
higher,
so
they
are
also
pumping
funds
into
a
new
presale
called
Mega
Dice
(DICE)
before
it
becomes
the
first
GameFi
project
to
launch
on
the
Solana
blockchain.
A
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who
lock
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more
than
$50
million
in
bets
every
month.
The
project
has
already
surged
past
$1.6
million
in
funds
raised.
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