After Ripple’s groundbreaking legal victory against the US SEC, the price of XRP has taken an impressive leap, almost doubling in value. With the $1 mark approaching, things are getting exciting: can this upward trend continue and even surpass this milestone? The world of cryptocurrency is holding its breath.
XRP price rises after court ruling
After a favorable ruling from a federal court, the price of XRP has skyrocketed. The ruling ruled that the sale of XRP on crypto exchanges complies with US securities laws, which has had a positive impact on the market.
Despite a small dip of 10% on July 14, which saw the price of XRP drop to $0.76, it still represented an impressive gain of about 65% from the previous day’s low.
In the past 24 hours, the XRP/USD pair has peaked at $0.93, its highest level since December 2021, just below the $1 psychological barrier. While this is a very positive trend, technical signals suggest that a possible correction could be imminent. However, investors remain optimistic and are closely monitoring developments.