The broader cryptocurrency market is currently in consolidation mode, but XRP has seen a promising rally of over 34% in the past week. It is currently trading at $0.7286, with a 3.2% increase in the past 24 hours. XRP is aiming to break the $0.80 resistance level, which has been a challenge for the coin in recent years. Despite having a definitive use case within the XRP Ledger ecosystem and Ripple Labs payment network, the growth of XRP has not been strongly tied to its utility. However, if the ongoing bull market rally continues and there is a positive update in favor of Ripple Labs in their legal battle with the SEC, XRP may experience further price increases beyond the $0.80 level.



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