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BRICS: Nigeria Plans To Sell Oil in Local Currency
Nigeria had applied to join BRICS in 2023 but the application was rejected at the15th summit in Johannesburg. Despite the rejection, Nigeria is looking at possible ways to join BRICS and be a part of the bloc. The African country wants to strengthen its local currency, the Naira, by allowing other countries to settle trade in their tender. The Senior Advocate of Nigeria, Femi Falana has urged the Federal Government to follow BRICS ideals of de-dollarization and sell crude oil in local currency Naira and not the US dollar.
Falana urged the Nigerian government to rely less on the US dollar and use Naira for crude oil payments. The State-advocate called the government to ignore predictio
#TrendingTopic
Nigeria had applied to join BRICS in 2023 but the application was rejected at the15th summit in Johannesburg. Despite the rejection, Nigeria is looking at possible ways to join BRICS and be a part of the bloc. The African country wants to strengthen its local currency, the Naira, by allowing other countries to settle trade in their tender. The Senior Advocate of Nigeria, Femi Falana has urged the Federal Government to follow BRICS ideals of de-dollarization and sell crude oil in local currency Naira and not the US dollar.
Falana urged the Nigerian government to rely less on the US dollar and use Naira for crude oil payments. The State-advocate called the government to ignore predictio
#TrendingTopic
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The End of the Road for Bonk?
While no one can accurately predict the future, the recent decline in the price of #BONK could pave the way for a deciding moment for the asset’s future price.Such a substantial price drop can easily turn into a downward spiral that sends the price into hard-to-recover-from levels. The second largest meme coin, Shiba Inu, is an example of a token that has faced a similar struggle. While SHIB has impressed in recent weeks, it remains 87.79% below its October 2021 all-time high.Meanwhile, BONK’s decline could also pave the way for a new crop of holders who missed out on the initial run-up to build a position. However, there is no guarantee this would be favorable, and investors should conduct thorough research before jumping in.In BONK’s case, the recent listing on Coinbase could help its course in the same way that Solana’s recent rise to stardom has impacted BONK’s price positively.However, continued selling pressure could see investor confidence evaporate and potentially send the token into the ashes, where most meme coin-related projects end up after their classic moments.$BONK
XRP’s Decline Continues With Another 6% Drop (Market Watch)
XRP’s Decline Continues With Another 6% Drop (Market Watch)
Ripple’s native token recently painted a new multi-month peak, but has lost a lot of ground since then.
The altcoins saw similar fluctuations, but most have remained in the red on a daily scale, with XRP, KAS, DOGE, SOL, and TON leading the pack.
XRP’s Decline Keeps Rolling :-
Ripple’s native token was at the forefront of the recent market gains and it managed to tap a multi-month peak earlier this week at $0.66. However, XRP has failed to keep its run going and has retraced by 14% since then. The asset is down by 6% in the past 24 hours alone.
Most other larger-cap alts are also in the red. SOL, DOGE, TON, BCH, LINK, and SHIB have all dropped by 3-5% within the past day.
As such, the total crypto market cap has shed about $50 billion overnight and is down to just under $2.4 trillion on CG.
$XRP
#BinanceTurns7
Ripple’s native token recently painted a new multi-month peak, but has lost a lot of ground since then.
The altcoins saw similar fluctuations, but most have remained in the red on a daily scale, with XRP, KAS, DOGE, SOL, and TON leading the pack.
XRP’s Decline Keeps Rolling :-
Ripple’s native token was at the forefront of the recent market gains and it managed to tap a multi-month peak earlier this week at $0.66. However, XRP has failed to keep its run going and has retraced by 14% since then. The asset is down by 6% in the past 24 hours alone.
Most other larger-cap alts are also in the red. SOL, DOGE, TON, BCH, LINK, and SHIB have all dropped by 3-5% within the past day.
As such, the total crypto market cap has shed about $50 billion overnight and is down to just under $2.4 trillion on CG.
$XRP
#BinanceTurns7
#BEAMXUSDT
It is rejected from resistance, although volume is not increasing🧐🧐.
Wait for the reaction and either clear BO or rejection before entering.
Let it breakout black line first❗❗
$BEAMX
#BinanceTurns7
It is rejected from resistance, although volume is not increasing🧐🧐.
Wait for the reaction and either clear BO or rejection before entering.
Let it breakout black line first❗❗
$BEAMX
#BinanceTurns7
Us stock markrts
U.S. stocks continued to fall, with the Nasdaq down over 2%, the Dow down 1.39% and the S&P 500 down 1.3%. Modena fell more than 20 per cent, Arm fell more than 15 per cent, Ram Research and Qualcomm fell more than 9 per cent, Nvidia fell more than 5 per cent, Tesla fell, Intel fell more than 4 per cent.
#BinanceTurns7
U.S. stocks continued to fall, with the Nasdaq down over 2%, the Dow down 1.39% and the S&P 500 down 1.3%. Modena fell more than 20 per cent, Arm fell more than 15 per cent, Ram Research and Qualcomm fell more than 9 per cent, Nvidia fell more than 5 per cent, Tesla fell, Intel fell more than 4 per cent.
#BinanceTurns7
#Ripple (XRP) flashes sell signal
Ripple (XRP) Price Analysis :
Ripple price exploded 72% after support at $0.3823 in the first week of July but topped out at $0.6589—an area reinforced by the 23.6% Fibonacci ratio.
The correction that followed this majestic move took place in tandem with the downturn in Bitcoin, Ethereum, and Ripple on Wednesday. With support at $0.6 holding strong, the XRP price doddered at $0.61 at the time of analysis.
A sell signal from the MACD could accelerate the pullback, calling for dips below $0.6. Traders can count on $0.58 and $0.55 as initial support levels, but a further drop to $0.5 is still likely.
A golden cross pattern formed when the 50-day EMA crossed above the 200-day EMA, which may invalidate the above bearish call. With $0.6 allowing for a fresh collection of liquidity, XRP may resume the uptrend, targeting $0.7.
#BinanceTurns7
Ripple (XRP) Price Analysis :
Ripple price exploded 72% after support at $0.3823 in the first week of July but topped out at $0.6589—an area reinforced by the 23.6% Fibonacci ratio.
The correction that followed this majestic move took place in tandem with the downturn in Bitcoin, Ethereum, and Ripple on Wednesday. With support at $0.6 holding strong, the XRP price doddered at $0.61 at the time of analysis.
A sell signal from the MACD could accelerate the pullback, calling for dips below $0.6. Traders can count on $0.58 and $0.55 as initial support levels, but a further drop to $0.5 is still likely.
A golden cross pattern formed when the 50-day EMA crossed above the 200-day EMA, which may invalidate the above bearish call. With $0.6 allowing for a fresh collection of liquidity, XRP may resume the uptrend, targeting $0.7.
#BinanceTurns7
#Fantom Struggling To Hold Support And About To Print Strong Bearish Ichimoku Signal 🚨
Fantom's daily chart is one of the most bearish at the moment. The token has been in a strong downtrend since March and is about to approach a decisive moment.
Currently, Fantom struggles to hold above a major support level at 0.43. Moreover, the price reaches a corner build of the support level at the long-term downtrend. As a result, it is likely that we will see a breakout soon.
Unfortunately, the probability of a drop is much higher than a break out to the top. Here's why:
FTM is about to print a bearish Tenkan/Kijun crossover. This crossover is about to happen below the Ichimoku cloud — this is considered an even stronger signal. Besides, the price trades below the Ichimoku cloud, and the future cloud predicts a bearish trend. Overall, three aspects that signal a high risk of further drop.
In case of a drop, the next support sits at ~0.35.
$FTM
#BinanceTurns7
Fantom's daily chart is one of the most bearish at the moment. The token has been in a strong downtrend since March and is about to approach a decisive moment.
Currently, Fantom struggles to hold above a major support level at 0.43. Moreover, the price reaches a corner build of the support level at the long-term downtrend. As a result, it is likely that we will see a breakout soon.
Unfortunately, the probability of a drop is much higher than a break out to the top. Here's why:
FTM is about to print a bearish Tenkan/Kijun crossover. This crossover is about to happen below the Ichimoku cloud — this is considered an even stronger signal. Besides, the price trades below the Ichimoku cloud, and the future cloud predicts a bearish trend. Overall, three aspects that signal a high risk of further drop.
In case of a drop, the next support sits at ~0.35.
$FTM
#BinanceTurns7
OpenAI backs Senate bills to advance AI safety and accessibility
OpenAI's support for these bills highlights a broader vision for AI that balances safety, accessibility, and the potential for educational progress.
OpenAI has expressed support for three Senate bills focused on the safety and accessibility of artificial intelligence.
The endorsed bills, including the Future of AI Innovation Act, the CREATE AI Act, and the NSF AI Education Act, each address distinct aspects of AI. Together, they reflect a concerted effort to guide the development of AI in a way that is both responsible and inclusive.
The bills
According to a LinkedIn post by OpenAI’s Vice President of Global Affairs, Anna Makanju, central to OpenAI’s endorsement is the Future of AI Innovation Act. This legislation aims to solidify Congressional support for the US AI Safety Institute, a body dedicated to developing best practices for the safe deployment of frontier AI systems.
However, the CREATE AI Act formalizes the creation of an initiative to democratize access to AI research resources. This democratization is crucial for fostering innovation and ensuring that the benefits of AI advancements are widely distributed.
In addition to supporting the development and democratization of AI, OpenAI is backing the NSF AI Education Act. This bill focuses on strengthening the AI workforce and enhancing educational opportunities related to AI tools.
#BinanceTurns7
OpenAI has expressed support for three Senate bills focused on the safety and accessibility of artificial intelligence.
The endorsed bills, including the Future of AI Innovation Act, the CREATE AI Act, and the NSF AI Education Act, each address distinct aspects of AI. Together, they reflect a concerted effort to guide the development of AI in a way that is both responsible and inclusive.
The bills
According to a LinkedIn post by OpenAI’s Vice President of Global Affairs, Anna Makanju, central to OpenAI’s endorsement is the Future of AI Innovation Act. This legislation aims to solidify Congressional support for the US AI Safety Institute, a body dedicated to developing best practices for the safe deployment of frontier AI systems.
However, the CREATE AI Act formalizes the creation of an initiative to democratize access to AI research resources. This democratization is crucial for fostering innovation and ensuring that the benefits of AI advancements are widely distributed.
In addition to supporting the development and democratization of AI, OpenAI is backing the NSF AI Education Act. This bill focuses on strengthening the AI workforce and enhancing educational opportunities related to AI tools.
#BinanceTurns7
#Cardano (ADA) Prediction for July 30
#ADA/USD
The price of Cardano (ADA) has fallen by 2.63% since yesterday.
The rate of ADA is bearish on the hourly chart. If bears' pressure continues, there is a possibility of seeing a further decline to the $0.39 range.
On the daily time frame, the price of ADA is about to close far from its peak or low. If it happens, there is a low chance of seeing any sharp moves by the end of the week.
From the midterm point of view, bears are controlling the situation on the market.
If buyers lose the vital zone of $0.40, the correction is likely to lead to the test of the $0.35 mark.
ADA is trading at $0.40 at press time.
#ADA/USD
The price of Cardano (ADA) has fallen by 2.63% since yesterday.
The rate of ADA is bearish on the hourly chart. If bears' pressure continues, there is a possibility of seeing a further decline to the $0.39 range.
On the daily time frame, the price of ADA is about to close far from its peak or low. If it happens, there is a low chance of seeing any sharp moves by the end of the week.
From the midterm point of view, bears are controlling the situation on the market.
If buyers lose the vital zone of $0.40, the correction is likely to lead to the test of the $0.35 mark.
ADA is trading at $0.40 at press time.
Bitcoin Conference: Here are The Major Highlights From The Event
#Bitcoin Conference: Here are The Major Highlights From The Event
The 2024 Bitcoin Conference which kicked off on Thursday finally came to an end on Saturday with several exciting highlight
Political Promises From The Bitcoin Conference
Republican Presidential candidate Donald Trump gave an outstanding speech on the last day of the Bitcoin Conference. The 78-year-old politician highlighted his potential crypto-related policies, all in a bid to woo crypto voters. Part of his plan is to fire SEC Chair Gary Gensler on his first day in office. This announcement underscores Trump’s aggressive stance on reshaping crypto regulations.
He went on to describe Bitcoin as a marvel of technology that showcases the epitome of cooperation and achievement. Trump also took a jab at Vice President Kamala Harris, calling her a radical. He did not fail to tell his audience how ‘anti-crypto’ the potential Democrat Presidential candidate is.
Similarly, Independent Presidential candidate Robert F. Kennedy Jr., outlined his plans for the US should he win the elections. One of which is to transform how the US perceives Bitcoin (BTC). On his first day in office, RFK said he will sign multiple executive orders aimed at integrating BTC into the U.S. economic strategy.
$BTC
#BinanceTurns7
The 2024 Bitcoin Conference which kicked off on Thursday finally came to an end on Saturday with several exciting highlight
Political Promises From The Bitcoin Conference
Republican Presidential candidate Donald Trump gave an outstanding speech on the last day of the Bitcoin Conference. The 78-year-old politician highlighted his potential crypto-related policies, all in a bid to woo crypto voters. Part of his plan is to fire SEC Chair Gary Gensler on his first day in office. This announcement underscores Trump’s aggressive stance on reshaping crypto regulations.
He went on to describe Bitcoin as a marvel of technology that showcases the epitome of cooperation and achievement. Trump also took a jab at Vice President Kamala Harris, calling her a radical. He did not fail to tell his audience how ‘anti-crypto’ the potential Democrat Presidential candidate is.
Similarly, Independent Presidential candidate Robert F. Kennedy Jr., outlined his plans for the US should he win the elections. One of which is to transform how the US perceives Bitcoin (BTC). On his first day in office, RFK said he will sign multiple executive orders aimed at integrating BTC into the U.S. economic strategy.
$BTC
#BinanceTurns7
#XRP Prediction for July 28
👉 BPTQ2MFZGH 🎁
#XRP/USD
The rate of XRP has increased by 0.46% over the last day.
On the hourly chart, the price of XRP is in the middle of the local channel. However, any sharp moves are unlikely to happen by the end of the day as most of the ATR has been passed.
A similar picture is on the daily time frame. The price keeps accumulating energy for a further move. In this case, ongoing sideways trading around the current prices is the more likely scenario for the next few days.
From the midterm point of view, the rate of XRP is trading within the previous weekly bar.
If the situation does not change until the end of the day, traders may witness a consolidation in the zone of $0.58-$0.65 for the next weeks.
XRP is trading at $0.6030 at press time.
#BinanceTurns7
👉 BPTQ2MFZGH 🎁
#XRP/USD
The rate of XRP has increased by 0.46% over the last day.
On the hourly chart, the price of XRP is in the middle of the local channel. However, any sharp moves are unlikely to happen by the end of the day as most of the ATR has been passed.
A similar picture is on the daily time frame. The price keeps accumulating energy for a further move. In this case, ongoing sideways trading around the current prices is the more likely scenario for the next few days.
From the midterm point of view, the rate of XRP is trading within the previous weekly bar.
If the situation does not change until the end of the day, traders may witness a consolidation in the zone of $0.58-$0.65 for the next weeks.
XRP is trading at $0.6030 at press time.
#BinanceTurns7
#DOGE and #SHIB Among Top Laggards as Crypto Market Remains in Red
According to data provided by CoinGecko, Shiba Inu (SHIB) and Dogecoin (DOGE) are among the top laggards among leading cryptocurrencies. The two meme coins are down 3.5% and 2.5%, respectively.
For comparison, Bitcoin (BTC) is down 0.9% over the same period of time. Some other major cryptocurrencies, such as XRP, are currently in the green.
Meme coins in red
The entire meme coin sector is currently in the red, with dogwifhat (WIF) plunging by as much as 6%.
Every single meme coin with a market cap over $1 billion has recorded losses over the past 24 hours.
Bonk (BONK) and Brett (BRETT) have also slipped by more than 5%. Pepe (PEPE) and Floki Inu (FLOKI) are down 3.1% and 4.9%, respectively.
Mog Coin (MOG) is the only well-established meme cryptocurrency that has managed to record a modest price uptick (1.7%).
#BinanceTurns7
According to data provided by CoinGecko, Shiba Inu (SHIB) and Dogecoin (DOGE) are among the top laggards among leading cryptocurrencies. The two meme coins are down 3.5% and 2.5%, respectively.
For comparison, Bitcoin (BTC) is down 0.9% over the same period of time. Some other major cryptocurrencies, such as XRP, are currently in the green.
Meme coins in red
The entire meme coin sector is currently in the red, with dogwifhat (WIF) plunging by as much as 6%.
Every single meme coin with a market cap over $1 billion has recorded losses over the past 24 hours.
Bonk (BONK) and Brett (BRETT) have also slipped by more than 5%. Pepe (PEPE) and Floki Inu (FLOKI) are down 3.1% and 4.9%, respectively.
Mog Coin (MOG) is the only well-established meme cryptocurrency that has managed to record a modest price uptick (1.7%).
#BinanceTurns7
#ETHUSDT
Crypto Markets Seemingly Revive – but Ethereum Is Still Too Weak
Crypto markets show signs of recovery with Bitcoin up 5%, but Ethereum struggles. 🎯🎯🎯
$ETH
#BinanceTurns7
Crypto Markets Seemingly Revive – but Ethereum Is Still Too Weak
Crypto markets show signs of recovery with Bitcoin up 5%, but Ethereum struggles. 🎯🎯🎯
$ETH
#BinanceTurns7
*Lido DAO Price Rally and TVL Growth*
- *Price Surge*: Lido DAO's price has seen a significant surge of 20% over the past 24 hours, indicating bullish sentiment among investors ¹.
- *Current Price*: As of July 18, 2024, the token was valued at $1.97 during U.S. trading hours, making a slight increase of 1.05% ¹.
- *Market Capitalization*: Lido DAO's current market capitalization is approximately $1.8 billion, positioning it at #52 in the rankings ¹.
- *TVL Growth*: Lido's Total Value Locked (TVL) has reached $34 billion, with an annualized revenue of $107 million ¹.
- *Stability and Potential*: Lido DAO's price stability suggests a potential for significant upward movement soon, with a possible breakthrough of the $2 mark ¹.
#BinanceTurns7
- *Price Surge*: Lido DAO's price has seen a significant surge of 20% over the past 24 hours, indicating bullish sentiment among investors ¹.
- *Current Price*: As of July 18, 2024, the token was valued at $1.97 during U.S. trading hours, making a slight increase of 1.05% ¹.
- *Market Capitalization*: Lido DAO's current market capitalization is approximately $1.8 billion, positioning it at #52 in the rankings ¹.
- *TVL Growth*: Lido's Total Value Locked (TVL) has reached $34 billion, with an annualized revenue of $107 million ¹.
- *Stability and Potential*: Lido DAO's price stability suggests a potential for significant upward movement soon, with a possible breakthrough of the $2 mark ¹.
#BinanceTurns7
Litecoin (LTC) has most loyal holders...
Litecoin’s price dips but wallet numbers and whale activity remain strong.
Increased whale transactions suggest significant interest and potential market shifts.
#Litecoin (LTC) has been in the spotlight recently, reaching an 18-day high of $74.61 two days ago. However, the cryptocurrency is experiencing a bearish trend, with its price dipping to $71.92, reflecting a 2.53% decline. Trading volume has also decreased by 37%, adding to the cautious sentiment.
Despite this, recent data from Santiment has provided some positive news. Litecoin’s performance over the past decade shows it has amassed 8.08 million non-empty wallets, making it the most widely held altcoin among those listed. Dogecoin follows this with 6.69 million wallets, XRP Ledger with 5.24 million, and Cardano with 4.48 million. Shiba Inu and Chainlink have 1.39 million and 722,000 wallets, respectively.
In addition to these metrics, recent findings from Intotheblock highlight increased whale activity on the Litecoin network. The “Large Transactions Volume” indicator, which tracks transactions valued at $100,000 or more, shows a recent uptick. This surge suggests significant movement from large investors, indicating heightened interest and potential strategic shifts within the network.
Litecoin To Reach New Heights In Q3?
Trading expert John Bollinger has also weighed in, suggesting that Litecoin may be on the verge of a significant move. He noted that it might be “about time for LTC to wake up,” referencing the cryptocurrency’s monthly chart analyzed through Bollinger Bands, a technical tool he developed.
The above research indicates that Litecoin (LTC) remains a dominant player in the altcoin space with the highest number of non-empty wallets, suggesting strong long-term holder engagement. Despite recent price declines and reduced trading volume, increased whale activity signals significant interest from large investors.
This could imply potential upcoming volatility or a shift in market dynamics. The recent dip and expert predictions of a possible major move suggest that LTC might be positioning for a significant price action. Investors should watch for further whale transactions and technical signals for insights into Litecoin’s next potential move.
$LTC
#BinanceTurns7
Increased whale transactions suggest significant interest and potential market shifts.
#Litecoin (LTC) has been in the spotlight recently, reaching an 18-day high of $74.61 two days ago. However, the cryptocurrency is experiencing a bearish trend, with its price dipping to $71.92, reflecting a 2.53% decline. Trading volume has also decreased by 37%, adding to the cautious sentiment.
Despite this, recent data from Santiment has provided some positive news. Litecoin’s performance over the past decade shows it has amassed 8.08 million non-empty wallets, making it the most widely held altcoin among those listed. Dogecoin follows this with 6.69 million wallets, XRP Ledger with 5.24 million, and Cardano with 4.48 million. Shiba Inu and Chainlink have 1.39 million and 722,000 wallets, respectively.
In addition to these metrics, recent findings from Intotheblock highlight increased whale activity on the Litecoin network. The “Large Transactions Volume” indicator, which tracks transactions valued at $100,000 or more, shows a recent uptick. This surge suggests significant movement from large investors, indicating heightened interest and potential strategic shifts within the network.
Litecoin To Reach New Heights In Q3?
Trading expert John Bollinger has also weighed in, suggesting that Litecoin may be on the verge of a significant move. He noted that it might be “about time for LTC to wake up,” referencing the cryptocurrency’s monthly chart analyzed through Bollinger Bands, a technical tool he developed.
The above research indicates that Litecoin (LTC) remains a dominant player in the altcoin space with the highest number of non-empty wallets, suggesting strong long-term holder engagement. Despite recent price declines and reduced trading volume, increased whale activity signals significant interest from large investors.
This could imply potential upcoming volatility or a shift in market dynamics. The recent dip and expert predictions of a possible major move suggest that LTC might be positioning for a significant price action. Investors should watch for further whale transactions and technical signals for insights into Litecoin’s next potential move.
$LTC
#BinanceTurns7
Popular XRP community member “Common Sense Crypto”
#XRP
Popular XRP community member “Common Sense Crypto” identifies the major reason behind XRP’s collapse in the daily charts.
The XRP community was left in disappointment after the coin recorded a dramatic plunge yesterday. Data from CoinMarketCap shows that the XRP price fell below the $0.6 threshold to a 24-hour low of $0.5869.
Notably, XRP’s price crashed from $0.6215 to $0.5866 within three hours, reflecting a decline of 5.61%. However, the dip was short-lived, as the seventh-largest cryptocurrency by market cap rebounded above the $0.6 price level.
Reason Behind XRP Price Decline
Reacting, prominent community member Common Sense Crypto attributed the price decline to the outcome of yesterday’s closed-door meeting at the SEC’s headquarters.
It bears mentioning that the price of XRP spiked to around $0.64, following speculations about a potential settlement in the SEC v. Ripple lawsuit. Several XRP community members speculated that the SEC could agree to settle with Ripple at its closed-door meeting slated for July 25, 2024, at 2 PM (ET).
This speculation was fueled by the meeting’s agenda, which revolves around the settlement of administrative proceedings and injunctive actions. However, the meeting did not bring about the settlement of the SEC v. Ripple lawsuit as many anticipated. Consequently, XRP witnessed a sell-off, according to Common Sense Crypto.
The community member stated that a pattern of XRP sell-off is often seen when the outcome of the SEC closed-door meetings does not produce positive results.
$XRP
#BinanceTurns7
Popular XRP community member “Common Sense Crypto” identifies the major reason behind XRP’s collapse in the daily charts.
The XRP community was left in disappointment after the coin recorded a dramatic plunge yesterday. Data from CoinMarketCap shows that the XRP price fell below the $0.6 threshold to a 24-hour low of $0.5869.
Notably, XRP’s price crashed from $0.6215 to $0.5866 within three hours, reflecting a decline of 5.61%. However, the dip was short-lived, as the seventh-largest cryptocurrency by market cap rebounded above the $0.6 price level.
Reason Behind XRP Price Decline
Reacting, prominent community member Common Sense Crypto attributed the price decline to the outcome of yesterday’s closed-door meeting at the SEC’s headquarters.
It bears mentioning that the price of XRP spiked to around $0.64, following speculations about a potential settlement in the SEC v. Ripple lawsuit. Several XRP community members speculated that the SEC could agree to settle with Ripple at its closed-door meeting slated for July 25, 2024, at 2 PM (ET).
This speculation was fueled by the meeting’s agenda, which revolves around the settlement of administrative proceedings and injunctive actions. However, the meeting did not bring about the settlement of the SEC v. Ripple lawsuit as many anticipated. Consequently, XRP witnessed a sell-off, according to Common Sense Crypto.
The community member stated that a pattern of XRP sell-off is often seen when the outcome of the SEC closed-door meetings does not produce positive results.
$XRP
#BinanceTurns7