XRP Dips Amid Speculation That the U.S. SEC Canceled Settlement Talks with Blockchain Startup Ripple

XRP has outperformed the broader crypto market rally in recent days, hitting a three-month high. The recent rally was attributed to a closed-door SEC meeting

XRP price today dipped amid speculation that the U.S. Securities and Exchange Commission (SEC) canceled a highly-awaited settlement meeting with blockchain payments startup Ripple.

Key Points

* XRP price dropped sharply on Monday, losing nearly 9% of its value.

* The cancellation of a scheduled SEC meeting sparked speculation that a settlement with Ripple may not be forthcoming.

* Pro-XRP lawyer Fred Rispoli believes a pre-judgment settlement is unlikely, but negotiations on unresolved arguments could take place.

* Judge Analisa Torres is expected to rule on remedies for unregistered XRP sales to institutional investors soon.

* A decision on the status of XRP tokens could come by the end of July, according to Rispoli.

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