<ul data-eligibleForWebStory="true"><li>XRP faced a rejection as it neared a potential breakout, impacted by legal developments with the SEC.</li><li>Ripple and the SEC jointly requested a delay in appeal proceedings, pushing a decision to August.</li><li>Analyst EGRAG CRYPTO indicated the disruptive effect of this delay on XRP bulls, leading to a sharp price decline.</li><li>The delay might be utilized by institutions to accumulate XRP as the price remains around the $2 zone, potentially resulting in a bullish outcome.</li><li>Advising patience in light of regulatory delays in the XRP market, EGRAG emphasized the need to adapt to such situations.</li><li>A chart shared by EGRAG shows XRP retesting key support levels post-failed breakout, with future movements dependent on legal clarity and market response.</li></ul>

XRP Price Rejected After SEC Appeal Delay

Discover more