Ripple's digital currency (XRP) is back at full speed after months of stagnation and weakness, with the currency's price heading strongly towards its pre-crash levels last May.< /p>

Ripple was going very well, but the lawsuit brought against the company by the US Stock Exchange prevented it from taking off to unprecedented levels.

Before the SEC's lawsuit, Ripple's bulls were reported to have targeted $5 levels, but the SEC's lawsuit prevented Ripple from launching.

During Sunday's trading, while everyone is taking profits from Bitcoin to the brightest Cardano, Ripple continues to record very strong gains.

Ripple is rising during those moments by about 3.7% at levels of $ 1.293, while it ranks sixth among the currencies in terms of market capitalization with a market capitalization close to $ 60 billion.< /p>

Ripple has increased in just 7 trading days by more than 60%, while it has risen by about 115% in thirty days, and has risen by about 440% since the beginning of the year.

On the other hand, traders expected Ripple to continue its upward trend, while some analysts believe that the cryptocurrency (XRP) will push towards an all-time high, simply because it You crossed over the so-called resistance zone.

The price closed above the red ($1) this week and I see no reason why Ripple shouldn't make new highs, analyst Don Alt said.

But, at the same time, if the highs are near the end of the race.

Kevin Cage, a popular chart analyst, said a dose of fundamentals to bullish expectations go hand in hand with Ripple.

Cage added: Ripple will reach an all-time high, meaning Ripple has reached a settlement with the US Securities and Exchange Commission (SEC).

The US Securities Regulatory Authority sued Ripple in December 2020, alleging that Ripple participated in these illegal securities by selling Ripple tokens in 2013. and beyond.

On August 16, Ripple will respond to a proposal by the Securities and Exchange Commission (SEC) to discover terabytes of Slack communications data.

And if the documents are submitted, they may shed more light on whether or not Ripple sold its investors' XRP tokens as securities.