On December 1, XRP skyrocketed 17.7%, building on an 8.29% gain from the previous day, and closed at $2.2970. It even hit a session high of $2.4477, marking its best performance since January 2018. This impressive rally pushed XRP to 4th place in market cap, overtaking Solana (SOL) and targeting Tether (USDT) for the 3rd spot.
What’s Fueling XRP’s Rise? 🔑
Regulatory Approval: The NYDFS has signaled support for Ripple's RLUSD stablecoin, igniting investor enthusiasm.
Legal Clarity: A possible SEC appeal withdrawal could solidify XRP's legal standing, influencing crypto ETFs and broader regulations.
Market Momentum: The overall crypto market advanced by 1.59%, boosting the total market cap to $3.390 trillion.
Stay tuned for more updates on XRP’s journey and what’s next for this rising star!