RIPPLE TRADERS HOPE FOR COURT WIN AS SEC BACKS DOWN ON CLASSIFYING SOLANA, CARDANO AND MATIC AS SECURITIES

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  • Ripple lawsuit ruling is expected this week as July draws to a close. 
  • SEC retracted its request for security status of Solana, Cardano and MATIC among other assets. 
  • XRP extended gains by nearly 3% early on Tuesday, climbing to $0.6183. 

Ripple (XRP) traders expect the lawsuit brought by the Securities & Exchange Commission (SEC) to end this week. A pro-crypto attorney, Fred Rispoli, had predicted the end of SEC vs. Ripple lawsuit by July 2024. 

The SEC’s move to retract the request for “security status” of Solana, Cardano and MATIC has filled XRP traders with hope for a positive development in the lawsuit. 

XRP trades above the key psychological level of $0.60. 


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