XRP Takes the Lead

On Monday, XRP experienced a remarkable surge of over 16%, solidifying its position as the third-largest cryptocurrency. With a market cap of $154.8 billion, it now outpaces Tether and Solana, which stand at around $134 billion and $106 billion respectively.

This impressive rally is attributed to several key factors. Ripple's innovative RLUSD stablecoin is set to revolutionize global finance by seamlessly integrating blockchain technology with traditional banking systems. Additionally, the anticipated resignation of SEC Chair Gary Gensler has sparked optimism among investors regarding Ripple's ongoing regulatory battle.

As of 12:24 am ET, XRP was trading at $2.68, marking a 16.87% increase. In contrast, 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 an astounding 334% year-over-year increase.