$XRP

As of December 17, 2024, XRP, the digital token used on the Ripple payment platform, has experienced a significant price increase.

Following Ripple's launch of a new stablecoin, RLUSD, XRP's value surged by 14.6% over the past 24 hours, reaching $2.71.

RLUSD is fully backed by U.S. dollar deposits, government bonds, and cash equivalents, ensuring its stability and liquidity.

This development positions Ripple as a strong competitor in the stablecoin market, challenging established players like Tether and PayPal.

Additionally, since the re-election of President Donald Trump, XRP has seen a remarkable 500% increase, becoming the third-largest cryptocurrency by market capitalization.

This growth is attributed to positive expectations regarding the new administration's crypto policies.