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XRP shows bullish reversal as Ripple CTO denies company sale rumors amid SEC lawsuit saga.

Market News
12 Jul 2026
UToday
View Source
Bullish
pluang ai news

XRP's price is showing a bullish divergence, signaling a potential upward reversal above $1, coinciding with Ripple's CTO Emeritus David Schwartz denying rumors that the company considered selling or shutting down during its SEC lawsuit. Ripple CEO Brad Garlinghouse had revealed that the company briefly considered closing and distributing XRP to shareholders but ultimately decided to fight the lawsuit, spending $150 million in legal fees. Schwartz clarified that the company never seriously planned to shut down, pushing back against media panic. This clarification, combined with the technical rebound, suggests XRP may enter a period of consolidation and renewed momentum.

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