XRP's Significant Jump Following Regulatory Approval

The cryptocurrency XRP experienced a remarkable surge of over 7% on Wednesday, continuing its impressive rally driven by the recent approval of Ripple's RLUSD by the New York Department of Financial Services (NYDFS).

Ripple CEO Brad Garlinghouse's Announcement
In a post on X (formerly Twitter), Ripple CEO Brad Garlinghouse shared the news of the final regulatory approval, stating, "This just in...we have final approval from NYDFS for RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you'll hear it from Ripple first." The company also reassured users that RLUSD's debut was imminent.

Market Performance
As of 6:43 am ET, XRP's price surged 7.26% to trade at $2.367, reflecting the market's positive response to the regulatory milestone.