Ripple's native token, XRP, has experienced a nearly 5% increase in price following recent days of decline.
The positive turnaround is attributed to a growing bullish sentiment among market participants and adoption news in the US.
Despite a recent setback involving a denied joint motion by Ripple and the SEC, XRP's price declined over 3%. However, community sentiment turned more bullish following this event.
Additionally, XRP's price surge today may also be influenced by adoption news in the US, with Coinme adding XRP to over 28,000 locations for buying and selling.