Ripple's XRP saw its price increase by approximately 7%, surpassing the $1.5 threshold. This rise is attributed to the growing bullish sentiment, as indicated by technical indicators, and is linked to favorable developments in the ongoing Ripple vs. SEC lawsuit.
The retesting of a critical support level has reinforced confidence among investors, with expectations that this momentum could propel XRP to a new 52-week high.
The current market dynamics suggest a positive trajectory for XRP, supported by both legal and demand-side factors, suggesting further potential gains in the near future.
