In the last 24 hours, the price of XRP went up by around 5%, reaching $1.32. The surge happens, while the SEC vs Ripple case continues.
A few days ago, Japan's Rakuten exchange announced it will resume XRP margin trading services from September 8. The company suspended XRP trading in December last year when the Securities and Exchange Commission started legal actions against Ripple Labs for trading XRP as an unregistered security.
Market analysts assume that while XRP managed to break above $1.35, a further rally is possible. However, first, the token needs to keep the resistance level. XRP reached its all-time high of $3.40 over 3 years ago. Currently, the token ranks 6th with a market cap of over $61.3 billion.