#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 overall upward trend of the market.

The reason for the increase in the price of the digital currency Ripple came after the U.S. Securities and Exchange Commission (SEC) announced 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 sought 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 rose 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.