July Is Best Month of the Year as XRP Now Targets $0.9

Continuing on a bullish run for Ripple, July has ended as the token’s best month of the year with XRP now targeting a run to $0.9 this year. Indeed, the asset has continued to impress investors. Subsequently, experts have noted that it could set the stage for a massive run in 2024.

The token has increased more than 38% in the last 30 days, according to CoinMarketCap. That has continued today, with a 6% increase leading XRP above the $0.65 level. Moreover, its performance in July is Ripple’s best since it increased 17% in February of this year.

Also Read: Ripple: Here’s When XRP Will Breach $3 Again

Ripple Looks to Carry July Gains to $0.9 This Year

Ripple has dominated the crypto market this month. It has already outperformed several Top 100 assets, and looks to just be getting started. A closed-door meeting with the US Securities and Exchange Commission (SEC) scheduled for August 1st now has traders anticipating a potential settlement of its years-long lawsuit.

This seems to be pushing Ripple up, as July ends as the asset’s best month this year, with $0.9 emerging as a target for XRP. A potential SEC settlement would be monumental or that cause. Indeed, crypto analyst Ali Martinez took to X (formerly Twitter) to discuss its potential.

“XRP has been consolidating within a symmetrical triangle for 6 years,” Martinez said. “A bullish breakout could occur if XRP surpasses $0.90,” he added. Such a movement would certainly set the table for a $1 surge over the year’s second half.