The reason for the rise 🤑 is that the legal conflict between Ripple $XRP and the U.S. Securities and Exchange Commission (SEC) seems to be definitively in the past.
🗓️ It was reported yesterday afternoon that the SEC and Ripple have agreed to end all their legal disputes, thus closing the appeals processes.
Now, Ripple can focus its resources on the development of its products and the expansion of its business (always within the framework of current legal regulations) without having to worry about a legal conflict dating back to 2020. And $XRP , as the most popular way to invest in the company Ripple, reacted accordingly.
XRP is trading at:
dollars at the time of this writing, which implies a 10% increase in the last 24 hours.
In the following chart, provided by TradingView, you can see the movement of XRP in the mentioned period and since the beginning of the current year. Each candle (green or red bar) represents the price variation that XRP has had in one day:
