Ripple price leaves dust in its wake as bulls focus on settling above $1

• The flagship cross-border token hit a multi-year high at $1.1.
• The trend is in the bull’s hands despite the hunt for higher support.
• A correction under $1 would trigger declines likely to test $0.8 and $0.6.

Ripple has been like Usain Bolt on steroids over the last few days. The cross-border token had significantly suffered following the lawsuit filed against Ripple Labs and its top executives in December. The Securities and Exchange Commission (SEC) alleges that the blockchain company sold unregistered securities to investors and stayed away from regulation for nearly eight years.