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.