There are a few possible reasons for the recent jump in XRP price:
Optimistic predictions: A cryptocurrency expert, EGRAG, has made a positive prediction for the price of XRP, suggesting a possible 700% jump to $4
XRP Unlocking: According to on-chain market data, a total of 400 million XRP was unlocked from escrow, which may have influenced the price.
Legal developments:
Documents relating to William Hinman, former director of the US Securities and Exchange Commission's (SEC) Division of Corporate Finance, have been released to the public in connection with the SEC's lawsuit against Ripple Labs. Hinman suggested in his 2018 speech that bitcoin (BTC) and ether (ETH) were not securities, in his view.
Ripple Labs claims that Hinman's comments at the time mean that XRP should not be considered a security, which could result in a favorable outcome for the company.