XRP's Dramatic Rise

XRP experienced a significant surge of over 16% on Monday, solidifying its position as the third-largest cryptocurrency with a market cap of $154.8 billion. This impressive rise places it ahead of Tether at around $134 billion and Solana at $106 billion.

The rally is attributed to several factors, including Ripple's innovative RLUSD stablecoin, which is set to revolutionize global finance by bridging blockchain technology with traditional banking systems. Additionally, the anticipated resignation of SEC Chair Gary Gensler has sparked speculation about a potential favorable outcome in Ripple's ongoing regulatory battle.

As of 12:24 am ET, XRP was trading at $2.68, marking a 16.87% increase. Meanwhile, Bitcoin and Ethereum saw declines of 2%, trading at $95,233 and $3,604, respectively. XRP's performance has been remarkable, with a 424% gain over the past month and a staggering 334% increase year-over-year.