On July 13, the price of XRP increased sharply. It turns out that this day in 2023 marked the first anniversary of Ripple's victory over the Securities and Exchange Commission (#SEC). The court then ruled in favor of Ripple, saying that XRP itself is not a security. This of course does not lend itself to any technical analysis, just a pump and dump, that’s what awaits the token in the near future, I’m sure of it...
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This event brings to an end a lawsuit that began in December 2020 when the SEC began pursuing the company. Ripple's victory also led to many leading cryptocurrency exchanges including Coinbase and Kraken re-listing XRP.
XRP holders celebrated the first anniversary of this decision, increasing demand for the asset, which led to an increase in its value. However, this does not change the fact that, despite the important court decision, XRP is not in great demand among investors. Among them are institutional investors - one of the most influential groups who have not yet shown interest in the Ripple token.