Ripple is a money transfer network designed for the financial services industry. XRP, its native cryptocurrency, frequently ranks among the top 10 cryptocurrencies by market capitalization.
Ripple has seen a significant surge, rising by as much as 14% Tuesday, as XRP looks to explode past the $0.62 mark. According to CoinMarketCap, XRP is currently trading at $0.6132, experiencing nearly 12.37% up in the last 24 hours. This is accompanied by a 48% increase in trading volume.
Ripple’s market cap is currently over $35 billion, making it the 6th largest in the cryptocurrency market. All eyes are now on the token’s potential rally, particularly as its lengthy court battle with the US Securities and Exchange Commission (SEC) might conclude this week.
XRP Set to Skyrocket Past $0.65 as SEC Lawsuit Nears Conclusion
At the beginning of the week, Ripple marked a significant milestone. The company’s CEO, Brad Garlinghouse, celebrated the pivotal court ruling from a year ago. This crucial judgment clarified that XRP is classified as a non-security.
Many crypto traders and investors are reacting with bullish optimism on XRP as the lawsuit approaches its conclusion. Currently, XRP is trading above $0.6 and aiming to rally past the $0.65 mark. Many crypto platforms and expert’s have taken to X to predict a potentially massive rally for the token.
Popular crypto analyst Mikybull Crypto shared his expectations, drawing a parallel between XRP’s current level and its surge in 2017. Additionally, he remarked that “something big is brewing” for the asset. It appears that whatever is on the horizon could be transformative for Ripple and the overall crypto market.
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Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
