it seems that the ripple case had quite an effect on the xrp price and some exchanges closed their xrp trade, So I think XRP is struggling enough to climb higher, but then again we don't know what will happen someday.
now it is necessary to have confidence for investors to keep their funds there because XRP management seems to often do things that are detrimental, because if this goes on, it can be ascertained that a negative impression will be embedded in XRP and will bear risks.
XRP has been like this ever since it was created, there is absolutely nothing shocking about people still investing into XRP, I guess there are tons of people who have a tons of XRP that keeps it up, considering Ripple worked with banks and other big financial companies, I assume they bribed them with a ton of XRP as well, since it was premined as a whole and Ripple can have as much XRP as they want, they could always give like 1 million XRP as a 'gift' to some Bank CEO during the deal process.
I assume those powerful people might be more interested and keep it up, that is just a guess though, I don't know what is really going on. However for the past 5 years, XRP has been top while Ripple keeps ripping people off, no idea why investors are fine with it, no idea why people like a centralized coin that takes advantage of the users, but I know that this new increase wasn't a shock to anyone who has seen what happened in the past 5 years.