XRP's Dramatic Rise

XRP experienced a remarkable 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 outpaced Tether's $134 billion and Solana's $106 billion market caps.

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 a 2% decline, trading at $95,233 and $3,604 respectively. XRP's meteoric rise includes a 424% monthly gain and a staggering 334% increase year-over-year.