Can XRP price hit $1? Watch these levels next

The price of XRP (XRP) has escalated in the after-effects of a federal court ruling stating that its sales on crypto exchanges complied with U.S. securities laws.On July 14, XRP rate pulled away by about 10% to $0.76, however compared to its least expensive price the previous day, it was still up around 65%. Source: TradingViewA whale-backed XRP rallyCertain signs show that XRPs continuous price pump may not be simply a short-term reaction to the positive news for Ripple.For circumstances, the duration of XRPs enormous pump coincides with its trading volumes reaching a 10-month high. The number of XRP whale transactions– or wallets holding more than $100,000– climbed to their finest level in 2023, recommending that the wealthiest investors back the XRP rally.