XRP has been seeing a surge in price these days, and it seems that Ripple’s coin has also been able to secure its highest weekly close since May 2018. Check out the latest XRP price movements and predictions about the king coin.
XRP has been able to score the highest weekly close, and the coin closed the week at $0.6349 – it’s important to note the fact that this level has not been seen in about 35 months.
Minutes after printing this bullish weekly candle, the digital asset was able to cross $0.72 as the bull run seems to be picking up steam.
ZyCrypto online publication notes that Ripple has been having issues with the SEC – the legal case with the United States Securities and Exchange Commission (SEC) for months now.
“Last December, the company was accused of breaching securities law with its illegal XRP sales. Ironically, despite this lawsuit, demand for the crypto asset has increased significantly as XRP joins the altcoin rally,” the online publication noted.
They also mentioned the fact that XRP last crossed $0.70 last November just before the unveiling of the Flare Spark token airdrop.
On the other hand, the bears came out in full force after the SEC sued Ripple. The price of XRP continued to drop as more crypto exchanges, and partners severed ties with Ripple.
XRP is gearing up for a massive pump
Ripple enters the spotlight due to the latest reports that claim XRP is preparing to embrace a massive pump.
It’s been reported by the online publication the Daily Hodl that crypto trader and analyst Credible Crypto said that XRP is setting the stage for a huge eruption, and this will happen sometime soon.
He said that he believes XRP is currently building up momentum for both the fundamental and tech standpoints.
At the moment of writing this article, XRP is trading in the green, and the digital asset is priced at $0.828.