$ETH

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

As for the reason behind the rise 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, 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 commission had demanded compensation of up to $2 billion, before it was later reduced to $125 million and finally settled at just $50 million.

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