XRP recently surpassed BNB to become the fourth-largest cryptocurrency by market cap, reaching $118 billion. This surge is attributed to a significant price increase from $0.58 to over $2 in the fourth quarter. The change in leadership at the Securities and Exchange Commission (SEC), with Paul Atkins replaced by Gary Gensler, is seen as a positive development for XRP, which could impact the ongoing case against Ripple. Additionally, Ripple’s stablecoin, RLUSD, received approval from the NYDFS, making it a potential alternative amid concerns over the delisting of USDT in Europe. The XRP community remains bullish, with large investors piling up large amounts of XRP, indicating confidence in its future performance. The Fear and Greed Index suggests that XRP is not overbought, leaving room for further growth in 2025.
