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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 Promising Alternative
Mega Dice is an established crypto casino platform that has over 11,000 active users who lock in more than $50 million in bets every month. The project has already surged past $1.6 million in funds raised.
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Users enjoy over 4,000 casino games and over 50 sports and eSports betting options.
According to 99Bitcoins, a prominent crypto channel on YouTube, $DICE has the potential to surge 100X after its launch.
Token holders also stand to share in the casino’s profits daily through its unique staking system.
To join the presale, you can buy $DICE on the official website here for $0.100254 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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