XRP has surged past $1, reaching a three-year high and overtaking Dogecoin to secure the sixth spot in cryptocurrency rankings by market capitalization. The price increase is attributed to favorable regulatory developments and increased activity from large holders of XRP. A lawsuit filed against the SEC by state attorneys general and the DeFi Education Fund questions the regulator's authority over digital assets. Key whale and shark wallets have been accumulating XRP while retail traders have been selling their holdings. XRP's rise has lifted its market capitalization to $60.39 billion. If the bullish momentum continues, XRP may face resistance at $1.50 and $2, but a retracement is possible if profit-taking occurs. Support is expected at $1 in the case of a price fall.



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