XRP soared more than 16% on Monday, solidifying its place as the third-largest cryptocurrency with a market cap of $154.8 billion. Trailing behind were Tether at around $134 billion and Solana at $106 billion.
The dramatic rally is fueled by Ripple's game-changing RLUSD stablecoin, poised to disrupt global finance by bridging blockchain and traditional banking. Simultaneously, the upcoming resignation of SEC Chair Gary Gensler has sparked speculation of a favorable turn in Ripple's long-running regulatory fight.
At 12:24 am ET, XRP surged 16.87% to sell at $2.68, while Bitcoin and Ethereum were trading lower by 2% at $95,233 and $3,604, respectively. XRP's impressive rise includes a 424% monthly gain and a staggering 334% increase year-over-year.
