Why $XRP Price is Surging Today? Is XRP ATH Imminent in December?

XRP has surged past $2, reaching its highest level since 2018 and pushing its market cap beyond $100 billion. This rally comes amid exciting developments surrounding Ripple and its ecosystem.

The key catalyst? Ripple’s soon-to-launch stablecoin, RLUSD. Expected to receive regulatory approval by December 4th, RLUSD could revolutionize transactions for traditional banks using Ripple’s software, further driving demand for XRP. Reports suggest that the New York Department of Financial Services (NYDFS) is likely to approve the stablecoin, a move that could amplify XRP adoption.

Legal tailwinds are also boosting optimism. With SEC Chairman Gary Gensler announcing his January departure, speculation is growing about a potential settlement in the Ripple vs. SEC case. Experts believe the SEC may drop non-fraud crypto cases, paving the way for Ripple to end its legal battle.

On the charts, XRP remains bullish across all timeframes, with its RSI at 93.89 signaling strong momentum. Currently trading at $2.39, XRP is poised for continued growth as regulatory clarity and adoption expand.