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Here’s Why the Ripple XRP Price is Pumping and Will Take Out $1.00

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The price of XRP has jumped by 20% in 24 hours, reaching $0.512129 as of writing. This represents a surge of 56% in a week, as positive developments in the legal battle between Ripple and the SEC indicate that the case could be settled sooner rather later.What's most promising for investors is that the rise of the past day is mostly XRP making up for lost ground, with the market downturn of the past week meaning that the altcoin is still down by 48% in the past 12 months.

It's also down by 85% since its current all-time high of $3.40, set back in January 2018.However, what this difference means is that, should the Ripple-SEC case end anytime soon (and end favorably for Ripple), XRP could see itself close in on this previous high.From a seven-day low of $0.324245 a week ago, XRP now stands at $0.512129, making for a 58% appreciation since last Friday's dip.

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