According to BlockBeats, on July 31, XRP experienced a notable price fluctuation. After surpassing $0.65, the cryptocurrency's value retreated to $0.6474, marking a 24-hour increase of 8.21%.

Previously, on July 21, Ripple CEO Brad Garlinghouse mentioned in an interview with Bloomberg that the company is expected to resolve its prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) soon.