Here is the reason for the rise in the price of the digital currency Ripple (XRP)?

#CryptoComeback

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

As for the reason for 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 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 demanded damages of up to $2 billion, before it was later reduced to $125 million and then 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 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 commission's position, under the leadership of "Paul Atkins" after "Gary Gensler," also contributed to creating a more lenient regulatory environment, which increased investor confidence.

At the same time, the commission dropped other lawsuits and investigations, indicating an approach