The latest updates from the crypto world include a pro-XRP lawyer addressing delay rumors in the Ripple v. SEC case, Binance’s former CEO commenting on Bitcoin price dips, and a prominent chartist’s XRP forecast.
- Ripple v. SEC Verdict Timeline Clarified: Pro-XRP attorney Bill Morgan refuted rumors that the Ripple case’s final decision could be delayed until late 2026. In a recent social media post, Morgan said such a delay is unlikely unless Judge Torres rejects the current joint request. He expects both parties to accept summary judgment, penalties, and permanent injunctions. A settlement breakdown and appeals remain possibilities but are considered improbable. The court awaits an SEC filing due by mid-August following a prior motion denial in May.
- Binance’s CZ Calls Price Drops ‘Dips’ Before New Bitcoin Highs: Former Binance CEO Changpeng Zhao responded to recent market fluctuations by labeling all price declines as dips preceding a new all-time high (ATH). He stressed that only a few strong cryptocurrencies with long-term potential are likely to reach new highs. Bitcoin is currently trading around $105,635, up 3.53% in 24 hours. CZ previously projected Bitcoin could reach $1 million in this bullish cycle, citing rising institutional interest and regulatory progress.
- Peter Brandt Highlights Potential Head and Shoulders Pattern on XRP Chart: Veteran analyst Peter Brandt identified a possible head and shoulders top pattern forming on XRP’s weekly chart. Excluding the April 7 price spike, XRP’s price near $1.99 aligns with the neckline support of this pattern. Brandt will reassess if XRP closes below $1.87, which could confirm a technical breakdown signaling further declines and a possible end to the late-2024 rally. XRP is trading at $2.18, up 8.50% in the last 24 hours.