{"id":557109,"date":"2024-07-25T13:39:44","date_gmt":"2024-07-25T13:39:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=557109"},"modified":"2024-07-25T13:39:44","modified_gmt":"2024-07-25T13:39:44","slug":"xrp-price-climbs-2-as-ripple-sec-settlement-meeting-looms-today-and-traders-race-to-buy-this-blockbuster-ico-as-time-runs-out","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-climbs-2-as-ripple-sec-settlement-meeting-looms-today-and-traders-race-to-buy-this-blockbuster-ico-as-time-runs-out","title":{"rendered":"XRP Price Climbs 2% As Ripple SEC Settlement Meeting Looms Today And Traders Race To Buy This Blockbuster ICO As Time Runs Out"},"content":{"rendered":"

The XRP price tumbled 2% in the last 24 hours <\/span>to trade at $0.6106<\/span><\/a> as of 03:28 a.m. EST on trading volume that surged 30% to $2 billion.<\/span><\/p>\n

This comes as the US Securities and Exchanges Commission (SEC) prepares to hold a meeting today with Ripple Labs amid speculation of a possible settlement in their legal battle.<\/span><\/p>\n

With speculation on the outcome remaining positive, the XRP price has been rising steadily in the last two weeks, surging from the $0.4412 support zone, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

XRP Price Aims For A Bullish Rally Over The $0.62 Resistance<\/h2>\n
\"XRP
XRP Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

The XRP price bulls are looking to stage a bullish rally, capitalizing on the ascending triangle pattern.<\/span><\/p>\n

The price of XRP is still trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish rally to the upside.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) drops from the overbought region, currently at 54, as it approaches the 50-midline level.<\/span><\/p>\n

A sustained bearish trend, and as the RSI shows more sells, the price of XRP may breach the lower boundary of the triangle, with $0.55 acting as the immediate support level and a cushion against downward pressure.<\/span><\/p>\n

If the results of the SEC closed meeting are positive, the XRP price may push above the upper boundary of the triangle, as the bulls target $0.71. The 50-day SMA also crosses above the 200-day SMA, forming a golden cross at $0.47, further supporting the bullish prospects of the asset.<\/span><\/p>\n

As the XRP price bulls aim to push the token higher, traders are also rushing to buy <\/span>WienerAI (WAI)<\/span><\/a>, which has less than six days remaining until its presale ends.<\/span><\/p>\n

A Promising Alternative That’s Raised $7 Million – Best Crypto To Buy Now?<\/h2>\n

WienerAi is charging into its final six days of presale with more than $7 million raised. The project combines AI and meme coins, two of the hottest themes in crypto.<\/span><\/p>\n

The soon-to-launch WAI trading bot uses predictive technology and a user-friendly interface, which gives users advice on when to buy and sell crypto.<\/span><\/p>\n

WienerAI follows in the footsteps of another canine-themed AI token called Scotty the AI (SCOTTY) that raised over $10 million in its presale.<\/span><\/p>\n

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Join the sausage army!! 🌭🌭<\/p>\n

We are growing fast 💪 pic.twitter.com\/OnfAlIXSyz<\/a><\/p>\n

— WienerAI (@WienerDogAI) June 9, 2024<\/a><\/p><\/blockquote>\n