Spot

<ul>
 <li>XRP is volatile at the price range of $0.6000, up by 0.40% in the last 24 hours.</li>
 <li>Ripple and SEC meeting on July 25 is speculated to end the long-running battle.</li>
</ul>
XRP has initiated a downside correction from the $0.6200 zone, amidst the anticipation surrounding an upcoming meeting between Ripple and the U.S. Securities and Exchange Commission (SEC).&nbsp;
Ripple <a href="https://x.com/bgarlinghouse" target="_blank" rel="noopener noreferrer nofollow">CEO</a> Brad Garlinghouse shared his optimism early in July that the years-long legal battle with the U.S. Securities and Exchange Commission (SEC) might end soon. A closed meeting with the SEC scheduled for July 25 is speculated to bring a potential settlement.&nbsp;&nbsp;
Meanwhile, in the last week, whales have bought over 140 million XRP, valued at approximately $84 million, as per the <a href="https://x.com/ali_charts/status/1815662684710310366" target="_blank" rel="noopener noreferrer nofollow">data</a> by analyst Ali. The buying pressure coincided particularly with the landmark ruling by Judge Phyllis Hamilton in Ripple’s ongoing <a href="https://thenewscrypto.com/sec-and-ripple-clash-over-document-requests-in-legal-battle/" target="_blank" rel="noopener noreferrer nofollow">legal process</a>. Moreover, Hamilton extended the deadline for excluding four expert testimonies until July 26 last week.&nbsp;
The community anticipates the <a href="https://thenewscrypto.com/xrp-price-consolidates-ahead-of-key-week-as-sec-settlement-nears/" target="_blank" rel="noopener noreferrer nofollow">settlement</a> in a favorable way, and that could drive XRP’s price upward and lead to widespread adoption. The market eagerly awaits to clarify XRP’s regulatory status.
<h3 class="wp-block-heading" id="h-will-xrp-bounce-back">Will XRP Bounce Back?</h3>
According to <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, XRP’s monthly performance shows a 27.48% increase. The token was trading at a low of $0.4003 and a high of $0.635. Over the past week, the XRP price plummeted only by 0.07%. However, at the time of writing, the token was traded at $0.6008. The trading volume is noted at $33.59 billion, and the daily trading volume has dropped by 23.96%, staying at $1.60 billion.&nbsp;
XRP’s current bullish trend is showcased by the short-term 9-day MA of $0.5963 and the 21-day MA at $0.5195, standing below the current price. Furthermore, XRP’s daily RSI stands at 68.24, reflecting its closeness to the buy zone.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcuBjM8bP5bcQ1jsXqNzcSnjqU_NP5tc-ByiRXODjd7Eb7TO9gx0qFa6eAwOZStUcCjrolA2gu5GW7HN8qQJnG8qchNilOlHXiXzllXe3--YpBf-iHxkIBF00zVXp6wcyrl3yvSDcrJioEnWHkgEB34_vo?key=AiKlGvGa4rxjucTRUnmCog" alt="">
 <figcaption class="wp-element-caption">XRP Price Chart (Source: <a href="https://in.tradingview.com/symbols/XRPUSD/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
If the bulls become aggressive, the altcoin can break the significant resistance at $0.6455, and it will test the next resistance at $0.6835. If the bears win over the bulls, the price might bottom to $0.5705. Further loss of XRP may take the price to $0.5292.
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Will XRP Climb Up to Break its Nearby Resistance?

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