XRP to Turn Bullish as SEC Lawsuit Bodes Well for the Broader Sector

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XRP is making way to the $0.7-$1 price level in the short term, predicted an analyst.
Bloomberg believes that Ripple’s victory in the SEC lawsuit will benefit Coinbase as well.
XRP is trading at $0.5772, up 12.28% in the past seven days.

XRP, the seventh-largest cryptocurrency by market capitalization, is on a bullish path as the altcoin has broken out of a significant pattern and aims higher. As shared by prominent analyst JackTheRippler on social media platform X (previously known as Twitter), the altcoin could soon reach the $0.70 price level in the short term, and even potentially hit $1.00 after breaking out of a triangle pattern.

It is also important to note that XRP can go as high as $1 as per JackTheRippler after the altcoin broke out of a triangle pattern and the bullish price surge can be expected. As reported earlier, Ripple, the firm responsible for the XRP token, won a crucial battle against the Securities and Exchange Commission (SEC), pushing the cryptocurrency up by 18%.