Why Ripple (XRP)

As of the last update in October 2023, key developments in XRP's legal case primarily revolve around the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs. Here are some significant aspects that have been in the news:

1. In 2023, a significant ruling favored Ripple, indicating that XRP was not classified as a security when sold on the open market.

2. The SEC expressed intentions to appeal the decision, indicating that the legal battle could continue.

3. The case has sparked discussions about regulatory clarity for cryptocurrencies in the U.S.

4. The legal developments have led to fluctuations in XRP’s price, as investor sentiment reacts to the news.

5. Despite the legal challenges, Ripple has continued to expand its partnerships and developments in the blockchain space.

In brief,  Increased use of XRP by banks and payment providers for cross-border transactions can drive demand and improvements in the XRP Ledger and associated technologies may enhance functionality and appeal. Since Ripple Labs [XRP] is a U.S based technology company, new partnerships can expand XRP’s use cases and visibility in the financial sector. These factors combined create a favorable environment for XRP's price to rise.