Ripple scored a major win against the US Securities and Exchange Commission (SEC) in 2023, with XRP declared not a security. While XRP price surged amid the resulting exuberance, the rally faded just above the $0.94 mark in July.
Another upside move collapsed above $0.74 in November. XRP price however remains well above the lows of $0.30 reached in January 2023.
Although CoinGecko data shows the altcoinâs value has declined 8% over the past 30 days, its gains over the past year currently stand at 66%.
XRP price chart. Source: TradingView
Rippleâs established presence in the global payments market means further traction for XRP. Also notable is the imminent end to its legal battles with the SEC. Regulatory clarity combined with a confluence of positive market catalysts, including spot ETFs momentum, could be big for crypto, not just XRP.
In this case, a break above $0.74 brings the $1 mark into view and could see XRP target $1.5. The all-time high for XRP/USD is $.40 reached in 2018.
