COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Investors Maintain Positive Positions in XRP Despite SEC Lawsuit
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > Investors Maintain Positive Positions in XRP Despite SEC Lawsuit
Ripple (XRP)

Investors Maintain Positive Positions in XRP Despite SEC Lawsuit

In Brief

  • Investors took positive positions in XRP futures and options expiring on May 31.

  • Significant price fluctuation is expected with the expiration of crypto options.

  • Experts believe the XRP case decision might come in the third quarter of 2024.

COINTURK NEWS
COINTURK NEWS 12 months ago
Share
SHARE

XRP price continues to trade within a stable range despite the lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple Labs. XRP experienced three price rallies so far, reacting to Judge Torres’s summary judgment, SEC’s loss against Ripple executives, and the bull market rally before the Bitcoin halving in March.

Contents
XRP Coin CommentsRipple Vs SEC Latest Status

XRP Coin Comments

Investors took positive positions in futures and options expiring on May 31, driven by Ripple’s success in the lawsuit and the belief that the US Federal Reserve might cut interest rates. A significant price fluctuation is expected across the market with the expiration of crypto options on May 31.

Data provided by Deribit reveals call options up to $1.1 in newly launched XRP options trading on the platform. Additionally, the latest options trading expiration data continues to indicate a maximum region of $0.54, potentially renewing sentiment for further price increases.

Over 5,260 XRP options with a nominal value of $2.81 million will expire on May 31. The put-call ratio stands at 0.22, indicating a profitable scenario for traders. On the other hand, considering the maximum point, a slight rise above $0.54 in XRP price is anticipated.

XRP price currently trades flat at $0.5275. The lowest and highest price levels in the past 24 hours are $0.5238 and $0.5399, respectively. Meanwhile, trading volume surged by 85% in the last 24 hours, exceeding $1.1 billion.

Moreover, the total open interest in XRP futures stands at $629.82 million, equivalent to 1.18 billion XRP.

Ripple Vs SEC Latest Status

Plaintiff, defendant, and third parties await the final outcome after Judge Torres’s decision on the sealing request. Experts closely following the XRP case believe the decision might come earlier than expected, likely in the third quarter of 2024.

In a recent request by the SEC, a total fine of $2 billion was demanded from Ripple Labs. Additionally, the SEC opposed Ripple’s latest attempt to withhold evidence from the public.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

XRP’s Meteoric Rise Attracts Crypto Enthusiasts Worldwide

XRP Rockets to Third Place with CME’s Launch of Futures Contracts

XRP Overtakes Tether as New Speculations Stir Market Excitement

XRP Defies Odds and Aims Skyward: Essential Catalysts in Action

XRP Defies Market Trends with Surprising Price Surge

COINTURK NEWS 28 May, 2024 - 7:01 am 28 May, 2024 - 7:01 am
Share This Article
Facebook Twitter
Share
Previous Article Crypto Analyst Shares Insights on Four Altcoins
Next Article XRP Maintains Stability Despite Ripple’s Legal Challenges
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

XRP Price Surges as New Opportunities Emerge
Technical Analysis
Solana Bounces Back: Unveiling Promising Altcoins and Future Prospects
Altcoin News
Bitcoin’s Rise Stalls: Will SOL and PENGU Make a Comeback?
Solana (SOL)
Congress Intensifies Spotlight on Trump’s Cryptocurrency Transactions
Cryptocurrency Law
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?