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

The driving force behind this dramatic 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. In contrast, 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.