Why XRP surged 30%

The reasons for XRP’s rise can be simply summarized as follows:

Major progress in legal action: After nearly four years of legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple Labs has finally received legal clarity regarding the sale of XRP. This ruling significantly reduces the legal pressure faced by Ripple and clears important obstacles for the future development of XRP, thereby boosting market confidence.

The fine was much lower than expected: While Ripple was fined $125 million in civil penalties, the amount was far less than the SEC’s original request, a 94% reduction. The result is seen as a major win for Ripple, reducing the company's financial burden and boosting investor confidence in Ripple and its token, XRP.

Reduced Regulatory Uncertainty: As the legal proceedings progress, XRP is no longer at risk of being classified as a security, eliminating long-standing market concerns about XRP’s regulatory uncertainty. The clarity of the regulatory environment will help attract more investors and institutional funds to the XRP market.

Increased market demand: With the positive progress of Ripple’s legal proceedings and the improvement of the regulatory environment, the market demand for XRP is gradually increasing. Investors’ bullish sentiment towards XRP has increased, driving its price upwards.

Enhanced community support: The Ripple and XRP global communities expressed joy at the lawsuit verdict, and the strengthening of community consensus provides strong support for XRP. The positive attitude and expectations of the community have further boosted the XRP price.

The main reasons for XRP's rise include significant progress in legal proceedings, fines far lower than expected, reduced regulatory uncertainty, increased market demand, and enhanced community support. These factors have combined to drive a significant increase in the price of XRP.