XRP has outperformed the broader crypto market, rising approximately 15% in the last 24 hours, contrasting Bitcoin and Ethereum’s respective losses of 1.4% and 3.8%.
The digital asset briefly crossed the $0.80 mark, spurred by a combination of regulatory developments and strategic initiatives from Ripple.
Notably, two developments that have coincided with XRP’s surge are speculation around the potential resignation of U.S. SEC Chair Gary Gensler and Ripple’s readiness to launch its anticipated stablecoin, RLUSD.
