XRP Retests Double Bottom While SEC Vote Hangs in Balance

Key Points

1. XRP rebounded from a double-bottom near $3.10 and is consolidating above $3.15, with potential to reach $3.40 if bullish momentum continues.

2. The SEC will vote on July 31 on whether to withdraw its appeal in the Ripple case, which could provide regulatory clarity for XRP if approved.

3. If the SEC drops its appeal, Judge Torres' ruling that XRP is not a security when sold on public exchanges will stand, potentially boosting XRP's value.

4. Market analysts anticipate a surge in XRP's price if the SEC's appeal is withdrawn, as legal uncertainty diminishes.

5. The SEC's decision will determine whether XRP gains long-sought legal clarity or continues to face regulatory uncertainty in the U.S.