XRP's Dramatic Rise

On Monday, XRP experienced an impressive surge of over 16%, solidifying its position as the third-largest cryptocurrency with a market cap of $154.8 billion. This dramatic rally is fueled by Ripple's innovative RLUSD stablecoin, which is set to revolutionize global finance by bridging blockchain technology with traditional banking systems. Additionally, the upcoming resignation of SEC Chair Gary Gensler has sparked speculation about a potential favorable outcome in Ripple's ongoing regulatory battle.

At 12:24 am ET, XRP surged 16.87% to trade at $2.68, while Bitcoin and Ethereum saw a 2% decline, trading at $95,233 and $3,604, respectively. XRP's remarkable rise includes a 424% monthly gain and an astonishing 334% increase year-over-year.