Why did Coinbase remove XRP?

Why did Coinbase decide to remove XRP from its platform? What were the reasons behind this decision? Was it due to regulatory concerns surrounding Ripple and its associated token? Or did Coinbase simply reassess its listings and determine that XRP no longer met their criteria? Did the recent legal battle between Ripple and the SEC have any impact on this decision? Customers who held XRP on Coinbase, how will they be affected by this change? And what does this mean for the future of XRP and the cryptocurrency market in general?