As <a href="https://finbold.com/topic/ripple/" rel="noopener noreferrer nofollow">Ripple</a> continues to <a href="https://finbold.com/ripple-v-sec-case-update-as-of-june-5-2023/" rel="noopener noreferrer nofollow">battle it out in court</a> with the U.S. Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>), <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP</a> has emerged as a top pick among investors, gaining attracting substantial investments.The cryptocurrency has witnessed a remarkable surge in market cap, with an influx of $3 billion over the past week alone, indicating a resounding vote of confidence from the investment community. XRP’s market capitalization currently stands at $27.9 billion, compared to the $24.9 billion recorded on May 29.Seasoned crypto trading expert Captain Faibik, known for his insightful analysis, confidently <a href="https://twitter.com/CryptoFaibik/status/1665547932823633920" rel="noopener noreferrer nofollow">shared</a> on Twitter today, June 5, that ‘the XRP train’ has unequivocally departed the station, hinting at an imminent ascent towards the significant milestone of $1.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a84c865139c646379b1d50013464b9a7.jpg" />XRP symmetrical triangle. Source: Captain Faibik<blockquote>“XRP train has already left the station, $1 soon”</blockquote>Interestingly last week, crypto analyst DonAlt felt that XRP is positioned for a substantial price upswing, he noted, “XRP is a ‘<a href="https://finbold.com/xrp-is-a-smart-play-that-could-double-to-1-says-crypto-expert/" rel="noopener noreferrer nofollow">smart play</a>’ that could double to $1.”<h2 id="header-0">XRP price analysis</h2>As of the latest update, the <a href="https://finbold.com/guide/how-to-buy-ripple-xrp/" rel="noopener noreferrer nofollow">XRP token</a>, which finds itself at the heart of the ongoing legal dispute, was observed to be trading at a price of $0.54. This marks a 1.66% increase for the day and an impressive 11.32% surge over the course of the previous week. Analyzing its performance on a monthly basis, XRP has displayed a robust upward trajectory.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/305c9546b3a341b69d2a7f063139fece.jpg" />XRP 1-day price chart. Source: FinboldXRP is encountering a support level at $0.5062, indicating a point where buying pressure has historically prevented the price from falling further.On the other hand, the cryptocurrency is also facing a <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance level</a> at $0.56427, which represents a price point where selling pressure has historically halted upward movements.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

XRP train ‘already left the station’ and will hit $1, says crypto expert

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