After a string of wins for Ripple in its SEC lawsuit, XRP rose 48% this week.

In brief
XRP has risen 17% over the past day, after a string of court victories for parent company Ripple.
In an earnings call, the CEO of SBI Group, revealed that Ripple is aiming for an IPO.
XRP, created by the founders of Ripple, has climbed 17% in 24 hours to $1.65–a 48% gain on its price this time last week.

The price saw a strong uptick overnight after it emerged that the payments company is considering a public listing as soon as its dispute with the SEC over the status of XRP is settled.

However, Ripple first needs to convince the courts that the SEC’s lawsuit against it, alleging that XRP is a security, holds no water. Emboldened by recent wins, on April 13, Ripple moved to dismiss the lawsuit entirely.

But despite the legal proceedings, XRP has been buoyed by the recent price swell for the crypto industry as a whole; trading in the $1.40 levels is something XRP hasn’t experienced since its 2018 peak.

But it’s not been a straightforward week. XRP sunk as low as $1.03 at the end of last week, before rising quickly to $1.43 on Tuesday. It's now surpassed its previous weekly peak of $1.57.

Currently, XRP is the fourth-largest cryptocurrency by market cap. However, the coin still needs to add at least 25% if it’s to regain its last 2021 high of $1.95 and overtake the third-largest coin, Binance Coin (BNB). A big court win could do the trick.