# Ripple breaks the $ 1 barrier and has doubled its price in just one week

Ripple's cryptocurrency jumps 150% in a week
Amidst the strong rally of cryptocurrencies, XRP appears to be leading the way as it has nearly tripled in value after a series of legal wins and social media rumors about re-accreditation on some cryptocurrency exchanges such as the Coinbase platform.

This boom pushed the fast-rising cryptocurrency to the top 5 cryptocurrencies by market value, behind only Bitcoin, Ethereum, and Binance Coin.

XRP is up 147% in a week with a current market value of around $ 67 billion.

The increase comes amid a lawsuit from the Securities and Exchange Commission, which accused the initial public offering of the cryptocurrency XRP of $ 1.3 billion of being an "unregistered securities offering."

This claim led most US cryptocurrency exchanges to write off the cryptocurrency and XRP lost its place as the third largest cryptocurrency by market value.