XRP Flying High After Winning SEC Lawsuit, Will VC Spectra And Polygon Face Any Challenges?

SEC lawsuit’s verdict was just announced, sending shockwaves in Ripple’s (XRP) community. As the social media support for Ripple (XRP) rises and the trends in weekly graphs take a turn, investors are excited for good news. Meanwhile, VC Spectra (SPCT) has raised over $2.4 million in private presale events.

What are the implications for Polygon (MATIC) and VC Spectra (SPCT)? Let’s find out.

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Ripple (XRP): A Comeback After SEC’s Lawsuit

Ripple (XRP) has been following a downtrend since April 2023. This downtrend mainly resulted from SEC including Ripple (XRP) in its lawsuit as a security being traded on exchanges. However, on July 13, Ripple (XRP) won the SEC case.

Immediately after the news, Ripple (XRP) saw a surge above its yearly high of $0.54 on March 25, 2023. Ripple (XRP) rose 63.82% from a low of $0.47 to a new yearly high of $0.77 on July 13.

The RSI and EMA indexes show a strong overbought condition for Ripple (XRP), which may sabotage its rise. However, since more and more buyers plunge into the rising trend, RSI and EMA are unstable.

Ripple (XRP) is locked in a solid bullish sentiment that will likely continue. On July 14, however, the trend might slow down as the market stabilizes. Ripple (XRP) will form support regions and resistances after this time, giving the grounds for an accurate price prediction.

Polygon (MATIC): Drawing Support From Ripple’s (XRP) Rise?

As Ripple (XRP) rises after winning the SEC lawsuit, Polygon (MATIC) is also experiencing bullish sentiments. The SEC case's verdict has positively impacted the crypto market. Growing by 35% from the monthly low of $0.5628 on June 16, Polygon (MATIC) achieved its monthly high of $0.8644 on July 13 after Ripple (XRP) won its case.

Polygon (MATIC) was already following a bullish trend before the verdict was announced but saw increased momentum after the ruling that pushed its price on par with Ripple (XRP) and gave it a new monthly high.

As Polygon (MATIC) is still witnessing price volatility, an accurate price prediction will not be possible. However, a significant resistance level around $1 may be a trend reversal point. Polygon (MATIC) is also planning an upgrade that increased its price by 5% even before the verdict hit.

Therefore, it may be safe to assume that Polygon (MATIC) will rise even higher until it faces the resistance level. How Polygon (MATIC) handles the increased selling pressure will define its next move.

VC Spectra (SPCT): Analysts Say A 900% Surge Is Imminent

Like Polygon (MATIC), VC Spectra (SPCT) is snowballing. As a new asset management blockchain, VC Spectra (SPCT) is gathering interest more rapidly than all other projects.

The main factor for market interest in VC Spectra (SPCT) is that it offers strategic investments in ICOs and other startups before they are released to the general public. A team of venture capitalists and risk managers safeguards these investments.

Additionally, the VC Spectra (SPCT) investors are allowed exclusive voting rights, which help them be involved in the decentralized investment management system and make educated investment decisions.

Furthermore, VC Spectra (SPCT) holders can invest in the VC Spectra Fund for additional profits and substantial gains as the blockchain grows.

VC Spectra (SPCT) tokens are offered in public and private presale events. The private presale raised more than $2.4 million. Public presale, however, is going on in stages. Stage 1 sold over 107 million tokens at $0.008.

Stage 2 will bring a price hike of 37.5% and raise this price to $0.011. This will continue until the target price of $0.08, which will mark a 900% surge in value for VC Spectra (SPCT). It will also be when VC Spectra (SPCT) will be launched at major exchanges.