XRP's Remarkable Ascent

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 rise places it ahead of Tether at around $134 billion and Solana at $106 billion.

The driving force behind this rally is 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 hopes for a favorable resolution 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 meteoric rise includes a 424% gain over the past month and a staggering 334% increase year-over-year.