XRP Price Rebound: Key Factors to Watch This Week

Monday, 2 September 2024, 02:04

XRP price is poised for a potential rebound as speculation mounts around Ripple's ongoing lawsuit settlement with the SEC. Analysts suggest a 1.50% gain marks the start of a higher trend for XRP this week. Investors are keenly monitoring developments that could influence XRP's trajectory.
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XRP Price Rebound: Key Factors to Watch This Week

XRP Price Movements This Week

XRP price opened its new weekly session in positive territory, rising by over 1.50%. It reached an intraday high of $0.552 on September 2. This increase comes amid growing speculation that Ripple might settle its lawsuit with the United States Securities and Exchange Commission (SEC) by the end of this week.

Potential Settlement Impact

Ripple has already reportedly paid $125 million to the SEC, according to XRP analyst JackTheRippler, who shared this insight with his 232,700 followers. This development has heightened the market's anticipation for a clearer path forward regarding XRP's regulatory status.

  • Market Sentiment: Favorable sentiment surrounds XRP due to its potential settlement.
  • Investor Interest: Increased attention on Ripple's legal standing.
  • Price Watch: Investors should closely monitor XRP's price movements this week.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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