Reasons for the significant increase: XRP
1. Large whale buy-in: Large investors bought XRP worth more than $1 billion, which triggered a price surge and increased positive sentiment in the market.
2. Regulatory optimism: XRP benefited from legal developments that favored Ripple, the company behind XRP. Recent court rulings in the US strengthened the crypto community's confidence in XRP's potential.
3. Overall crypto market performance: The crypto market is recovering, with many major tokens showing significant price increases, including XRP.
These factors have driven the XRP price up by more than 270% in the past month, attracting the attention of traders and investors. If you have further questions or would like additional analysis, please let us know.