XRP is rising due to several reasons:
Technical Analysis: Analyst Matt Hughes noted a tight Bollinger Band pattern, suggesting a big price move was imminent.
Legal Victory: It's the first anniversary of Ripple's win against the SEC, where the court ruled XRP sales on exchanges and by managers aren't securities.
Settlement Rumors: There's talk of a possible settlement with the SEC, which might be discussed in a closed meeting next Thursday.Reduced Fines: The SEC reduced its fine request from $2 billion to $102 million, while Ripple offered to pay $10 million.
Institutional Adoption: CME announced it will offer the reference rate and real-time index for XRP, hinting at new XRP products.
These factors are making XRP's future look promising. Stay tuned for updates