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XRP price searches for a fresh bullish catalyst to trigger a move above $1

Published 07/21/2023, 01:38 PM
Updated 07/21/2023, 03:20 PM

XRP's price booked an incredible 100% gain on the same day as the landmark ruling in the XRP securities case, but buyers are now struggling to hold on to these gains.

The price surge came after Judge Analisa Torres of the United States District Court for the Southern District of New York ordered that XRP (XRP) sales to retail investors do not qualify the token as a security in the U.S. Securities and Exchange Commission’s (SEC’s) case against Ripple.

XRP futures open interest volume. Source: CoinGlass
The number of transactions executed on the XRP Ledger. Source: XRPScan
XRP/USD weekly price chart. Source: TradingView
XRP/BTC weekly price chart. Source: TradingView

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