The cryptocurrency market has recovered, led by Ripple's XRP. XRP has increased unexpectedly in the previous 48 hours, showing increased investor interest and market activity.

XRP broke through multiple key resistance levels, including the 50 EMA at $0.48, the 100 EMA at $0.50, and the 200 EMA at $0.52, during this rally.

This positive trend shows that traders and investors are regaining confidence in XRP.

In the previous 24 hours, XRP transactions increased to 2.55 million and transfer transactions to 1.47 million, confirming this trend.

These figures show the growing popularity and usage of XRP, which could cause the price to skyrocket. The daily chart's volume growth shows market participation and investor interest, which has pushed XRP price higher.

Even though there is hope, we still need to be cautious. XRP's RSI is 66, approaching overbought levels. This signals significant buying pressure and the possibility of a short-term pullback.

This increase corresponds to the anniversary of SEC vs. Ripple finding that XRP was not a security in secondary market transactions.

XRP advocates praised the ruling, which transformed the market. XRP has risen above the psychological barrier of $0.50 to $0.5255 at the time of writing.

The SEC's ruling is very important. XRP hit $0.5661 on its first anniversary, its 2024 high and biggest weekly gain.

The lawsuit between the SEC and Binance used the XRP ruling to support its ruling.

This legal dynamic has investors hoping that the litigation between the SEC and Ripple will end in Ripple's favor, sending the XRP price higher.

With lawyer Fred Rispoli predicting a legal conclusion in July 2024, investors are anxiously awaiting it.

XRP performs well despite the legal fight. It maintained seven-day gains and entered the top 10 cryptocurrencies by market capitalization.

The upbeat mood from regulatory victories and market momentum suggests further upside for XRP is possible.