On the morning of December 2, the price of XRP updated its seven-year high at $2,498, displacing the USDT stablecoin from the third position by capitalization ($136.2 billion). The day before, the asset overtook Solana.

XRP's daily growth reached 27.8%. Over the past 14 days, the asset has risen in price by 105.5%, and over the month - by 365.8%.

In addition to the expectation of a change in the SEC leadership and the possible termination of the trial against Ripple, the positivity was reinforced by the candidate for the position of "crypto czar" Christopher Giancarlo. He suggested that the agency would eventually withdraw the lawsuit.

Market participants are also counting on an expansion of the list of crypto ETFs for XRP-related products. On November 1, 21Shares submitted a corresponding application to the Commission. WisdomTree will compete.

As a new driver, hopes were added for the potential launch of the RLUSD stablecoin by the company on December 4. According to informed sources of FOX Business, the company was notified by the NYDFS about the upcoming registration of the token.

In August, justifying the feasibility of the initiative, Ripple referred to the forecast of Bernstein analysts about the growth of the segment's capitalization to $2.8 trillion in the coming years. CryptoQuant analysts warned about the risks. The previous time, after a similar pump, the price experienced a correction of 17%.$ADA $AVAX