XRP's market capitalization has surpassed 12,215,947,928 and 5,923,363,951, making it the third-largest token, soaring 380% in a single month.

Some crypto analysts believe that XRP's next target price could reach $4.2, driven by market sentiment and favorable policies, and XRP is expected to break through its historical high of $3.317 set in 2018 in the short term.

The public chain Ripple (87,774,672,946) today saw its market capitalization leap to become the third largest cryptocurrency, surpassing USDT and SOL, with nearly a fourfold increase in the past month. What favorable factors are driving this?

Recently, the cryptocurrency market has welcomed multiple positive developments, and as an established public chain, Ripple's currency (XRP) has become the focus of the market.

The news that Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), is about to step down has ignited market expectations for a more friendly regulatory environment.

At the same time, Ripple's long-standing legal dispute with the SEC is also expected to be resolved, with court rulings repeatedly sending positive signals for Ripple, clearing some obstacles for XRP's development.

This series of favorable developments has propelled XRP's price to experience a strong rebound, skyrocketing over 250% in just one month, with a single-day increase exceeding 35%, setting a new high in nearly three years and reigniting investor enthusiasm.

Additionally, the recently popular Mars Dog Marvin (7,055) is also worth paying attention to! Musk has kept it for ten years, taking it everywhere, with a high appearance rate and high mention rate. The community continues to promote it, and it currently has a market capitalization of just over ten million dollars, with significant growth potential!