Ripple Surges 11% as XRP Looks to Explode Past $0.6

In what is a massive increase, Ripple has surged as much as 11% Tuesday, as XRP looks to explode past the $0.6 level. Currently, the token is trading at $0.58, and up nearly 10% in the last 24 hours, according to CoinMarketCap. This is being complimented by a 94% surge in trading volume.

Ripple’s market cap has also increased by almost 10% Tuesday. The value is currently above $32 billion, and firmly entrenched as the 7th highest in the crypto market. Now, all eyes are on where the rally could take the token, especially as its years-long court battle with the US Securities and Exchange Commission (SEC) could end this week.

Also Read: Ripple Donates $1M in Bid to Unseat US Senator Elizabeth Warren

XRP Poised to Surge Above $0.6 as SEC Suit Nears an End

At the start of the week, Ripple celebrated a monumental anniversary. Indeed, the company’s CEO, Brad Garlinghouse, commemorated the landmark court ruling that took place a year ago. Then, XRP had its classification clarified as a non-security in a massively important judgment.

As that lawsuit nears a conclusion, traders are responding with bullish optimism. Ripple has surged as much as 11% Tuesday, with XRP eyeing a rally beyond the $0.6 level. Crypto analysts have taken to X (formerly Twitter) to predict what could be a gargantuan rally in the works for the token.