$XRP has been on an upward trajectory since hitting lows of $0.50 on November 4, driven by favorable regulatory developments and positive market sentiment. The broader cryptocurrency market has also been in a bullish phase, with major assets like Bitcoin and Ethereum posting notable gains, which likely bolstered interest in XRP.
Another potential catalyst for XRP’s recent surge is the anticipated launch of Ripple’s stablecoin, RLUSD. According to sources cited by Fox Business, the New York Department of Financial Services (NYDFS) is expected to approve the dollar-pegged stablecoin in the coming days. The approval could pave the way for its launch as early as December 4.
With #XRP approaching the $2 mark, market watchers are keeping a close eye on its performance, speculating that this rally might signal the start of a sustained upward trend.
