XRP Breaks Six-Month High Ahead of SEC Appeal Deadline, Eyes $0.75

• XRP has surged to a six-month high, reaching $0.6622 with a 12.44% increase.
• Analysts are targeting $0.75 for XRP amid the bull momentum.
• However, caution remains due to the upcoming SEC appeal deadline on October 7.

XRP has seen a significant rally over the past few days, cracking a high last seen six months ago in March. Investors hope the bullish momentum will continue, with analysts eyeing a possible move to $0.75. However, concerns about the SEC’s potential appeal, with a deadline set for October 7, still weigh on sentiment.

XRP Breaks Six-month High

XRP price surged over the weekend, jumping from $0.5889 on Friday to a high of $0.6622, representing a significant 12.44% increase. This milestone marks the cryptocurrency’s highest price point in six months.

Crypto analyst Blockchain Backer highlighted XRP’s surge in a post on X today, stating that while the gains are noteworthy, “it isn’t much to celebrate.” 

He also shared a chart indicating that XRP achieved its highest weekly close of 2024 and surpassed the 0.702 retracement level of the March-September range following the weekend pump.

In response to this update, analyst Van Winkle…

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