XRP recorded a notable price increase this week amid rumors of a meeting between Ripple representatives and Donald Trump, causing market volatility.
Ripple Case Developments
In July 2023, Judge Torres ruled that programmatic sales of XRP did not meet the third prong of the Howey Test, sparking a major rally for the token. However, it dipped below $0.40 amid new expectations of an SEC appeal.
Speculations on Ripple-Trump Meeting
Market analyst Zach Rector shared news of a reported meeting between Ripple and Trump, suggesting discussions on the future of crypto regulation. Ripple CEO Brad Garlinghouse allegedly confirmed the meeting by liking Rector's post, igniting speculation about the SEC potentially dropping its appeal against Ripple.
Price Surge and Market Impact
The XRP community is buzzing with excitement as the token's price surged by 45% over the past 8 days. Analysts suggest that surpassing its year-highs could be within reach, contingent on SEC moves and market response.
XRP's volatility highlights the significance of current events for the crypto market. SEC decisions and potential regulatory changes could have a major impact on the market.
