XRP: Can this latest achievement push the alt past the $1.38 mark

ambcrypto.com:

The prices of most crypto assets saw a haunting picture over the past week. Although a few cryptocurrencies did see some social interest in them surge as traders are seemingly looking to get involved. XRP, the #6 largest token is one on the list despite the ongoing regulatory hiccups with the SEC.

Could the token now sustain this enthusiasm?

 Ripple, the developer of the XRP blockchain whose native coin is XRP, claimed some major victories in its continuing legal battle with the US SEC. Following this, XRP performed significantly well given the optimistic sense.

XRP’s price also performed strongly as traders remained optimistic about the settlement between Ripple Labs and the SEC. Furthermore, Santiment’s insight shed light on this matter. XRP recorded the highest ratio of longs vs shorts since November 2021.

Source: Santiment

XRP went up by +17% this past week, while Bitcoin [BTC] (-5%), Ethereum [ETH] (-16%), and most of crypto declined. As perSantiment,

“The ongoingbattles between Ripple & the SEC regarding increased regulation has mainly led to increased trader optimism & high whale movement.”

Even last week, XRP saw discussions about it online grow over the past week, while discussions about other cryptoassets had dropped significantly. Notably the price of XRP recentlymoved up significantly ahead of a potential ruling on Ripple’s long-standing legal battle with the SEC.

In addition to this, both the development activity and trading volume reiterated the same narrative. While the former showcased a mild hike, trading volume had surged by more than 3.5B.

Source: Santiment

XRP performed incredibly well over the past few days. It gained nearly 30% over the past week alone, due to the rally from $0.32 to $0.42.

For a coin ranked