XRP Price Could Go Parabolic If SEC Makes This Decision Today

Key Points

1. The SEC is holding a closed-door meeting on July 10, which may include a vote to drop its appeal in the Ripple case, potentially leading to a surge in XRP's price.

2. The legal battle between the SEC and Ripple dates back to December 2020, with Ripple recently withdrawing its cross-appeal, expecting the SEC to do the same.

3. If the SEC drops its appeal, Judge Torres' 2023 ruling would become final, providing XRP with long-awaited regulatory clarity.

4. Regulatory ambiguity has been a major obstacle for XRP, and its removal could lead to relisting on exchanges, institutional adoption, and possibly XRP-based ETFs.

5. XRP is trading just below a key breakout level, and analysts believe a favorable SEC decision could push it past resistance, unlocking significant upside potential.