Ripple's XRP is making headlines once again with its impressive rally, surging by 28% in the last 24 hours[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). This surge has propelled XRP to become the third-largest cryptocurrency by market cap, overtaking both Solana and USDT[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). Currently trading around $2.40, XRP has seen a 364% increase in November alone[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
Key Drivers:
1. RLUSD Stablecoin Approval: Ripple’s RLUSD stablecoin is awaiting approval from the New York Department of Financial Services (NYDFS). If approved, it would allow Ripple to enter New York's strict digital finance market, enhancing its position in the stablecoin ecosystem[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
2. XRP ETF Anticipation: There's growing optimism for an XRP exchange-traded fund (ETF) in the United States[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). Major players like Bitwise Invest, 21Shares, and Canary Funds have filed for XRP-spot ETFs, and WisdomTree recently joined the race[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
3. Legal Win Against the SEC: Ripple recently won a significant legal battle against the SEC, with the court ruling that XRP is not a security in most cases[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). This has boosted investor confidence and set a positive precedent for the crypto industry[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
4. Gary Gensler’s Resignation: The announcement of SEC Chair Gary Gensler’s resignation in January 2025 is also contributing to the positive sentiment around XRP[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). His exit might impact Ripple’s ongoing legal challenges, potentially inclining the ruling in Ripple’s favor[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
XRP Price Forecast:
- Strong Growth: XRP is showing robust growth as the market recovers, often moving with the overall trend[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
- Potential Highs: With more partnerships and legal wins, XRP’s price could rise even higher, potentially reaching $3.00 to $5.00 in the coming months[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
- Possible Lows: However, new SEC claims or market downturns could bring XRP’s price back to $1.50 to $2.00[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coingape.com/xrp-price-eyes-new-all-time-high-after-overtaking-solana-usdt-with-364-rally/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
Stay tuned to Binance for the latest updates and insights on XRP and other exciting crypto developments! 🌟📊
#XRP #CryptoNews #CryptoInvesting #BinanceUpdates
