XRP Price Surges After Legal Win Against SEC
- XRP price has nearly doubled following a federal court ruling stating that its sales complied with U.S. securities laws.
- Despite a slight pullback, XRP is still up around 65% compared to its lowest price the previous day.
- Trading volumes and whale transactions have reached new highs, indicating strong support for the XRP rally.
- From a technical standpoint, XRP may test the $1 level in the coming days, but its potential for further gains looks weak.
- If a pullback occurs, XRP price could drop towards its multi-year ascending trendline support near $0.45.
- An overbought RSI raises the possibility of price consolidation within the $0.75-1 range.
- If XRP breaks above $1, the next price target could be near $1.35.
XRP has seen a remarkable surge in price following its legal victory against the SEC. While the rally has been fueled by strong trading volumes and whale transactions, technical indicators suggest that the road ahead may not be smooth. A pullback and consolidation are possible, but if XRP can break above $1, it might have a shot at reaching $1.35. Crypto enthusiasts and investors will be closely watching XRP’s next moves to see if the rally can continue.