The XRP price is trending all over the crypto space, as the asset popped off after Tuesday’s London session and is up 8% at the time of writing. The rise in the price of XRP may be attributed to the SEC retracting its request to the court to classify a handful of cryptocurrencies as securities in its case against Binance. Furthermore, comments from pro-XRP counsel Fred Rispoli have fueled speculation that the August 1 SEC closed-door meeting may result in a settlement of the Ripple lawsuit.
Ripple Lawsuit Likely To Conclude
Speculation about the conclusion of the Ripple-SEC lawsuit flooded the crypto space following the scheduled SEC closed-door meeting on August 1. Much of the speculation stems from pro-XRP lawyer Fred Rispoli, who expects Judge Torres to rule on remedies possibly by July 31.
Additionally, Russia passed a bill to allow international payments with cryptocurrency, a significant move for the XRP price because Russia is a member of the BRICS alliance. This ties in w
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