#CryptoComeback #CryptoComeback

The price of the digital currency Ripple has seen a significant increase in recent hours, with the price rising by 9% in the last 24 hours, coinciding with the upward trend of the market as a whole.

As for the reason behind the increase in the price of the digital currency Ripple, it came after the announcement by the U.S. Securities and Exchange Commission (SEC) of reaching a final settlement with Ripple Labs, which included a fine of $50 million.

This announcement ended a long legal dispute that lasted for years regarding the sale of XRP, during which the agency had sought damages of up to $2 billion, before it was later reduced to $125 million and then settled at only $50 million.

The value of XRP rose by about 6% within 24 hours of the settlement announcement, due to optimism in the markets about the end of the regulatory threat that had burdened the currency.

This rise reflects investors' response to the resolution of the case, especially after the court confirmed that the software sales of the currency through trading platforms do not constitute a violation of securities laws, which is considered a legal precedent in favor of similar digital currency projects.

The shift in the agency's stance, under the leadership of “Paul Atkins” after “Gary Gensler,” also contributed to creating a more lenient regulatory environment, increasing investor confidence.

The agency also dropped other lawsuits and investigations at the same time, indicating a different approach to dealing with the digital currency sector.