The post XRP Price Jumps, Experts Recommend Capitalizing on MoonTaurus appeared on BitcoinEthereumNews.com.

Ripple’s XRP has been making headlines recently due to its ongoing case against the U.S. Securities and Exchange Commission (SEC), reaching a critical juncture. The asset has surged 8% in the last 24 hours as the likelihood of a settlement increases. Meanwhile, market watchers have identified another undervalued asset within the meme coin sector that promises substantial returns by Q4 2024. MoonTaurus (MNTR), a new presale meme coin, has quickly taken the spotlight, raising over $160,000 just days after the presale started. By the end of this campaign, early MNTR investors are guaranteed a 13x return XRP Price Jumps 8% Amid SEC Settlement Optimism After more than three and a half years of legal battles, the SEC vs. Ripple case might finally be nearing its end. In December 2020, the U.S. Securities and Exchange Commission (SEC) sued Ripple for the unauthorized selling of securities, specifically the XRP token. This lawsuit significantly impacted XRP’s price, preventing the asset from reaching its 2018 high during the 2021 bull run. In June 2023, Ripple secured a partial victory when the court ruled that XRP was not a security. However, uncertainty lingered, with some speculating that the SEC might appeal the decision. Recently, the regulator backed down on its request to classify Solana (SOL), Cardano (ADA), and Polygon (MATIC) as securities in a lawsuit against Binance. This move has fueled optimism that the SEC might not pursue an appeal in the Ripple case as well. Additionally, the SEC is set to have a closed meeting on Thursday, August 1, further fueling speculation about a potential settlement. XRP closed July with a 31.09% gain, recently revisiting the $0.65 zone for the first time since March. Despite a slight retracement to $0.62, the asset is still up 8% in the last 24 hours. A settlement would…

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Filed under: News - @ August 5, 2024 5:20 am