The rise also included Decentraland's MANA token, which rose over 105%.
Analysts expect cryptocurrency season to last till early 2025 because to investor optimism.
Ether (ETH) may reach $4,000 before President-elect Donald Trump takes office on January 20.
Bitcoin's dominance dipped below its two-year support line on November 30, indicating this transition.
This indicates Bitcoin profit-taking and money reallocation into altcoins, according to analysts.
According on past Bitcoin halving trends, Bitget Research head analyst Ryan Lee predicts XRP will rise to $2.57 by December.
“XRP could reach approximately $2.57 during December 2024,” Lee stated. “Historically, XRP has shown significant growth around 228 days after Bitcoin halving.”
Another trigger is XRP-related ETF development.
On November 1, asset management 21Shares filed for an XRP ETF with the SEC.
Fundamental regulatory leadership changes may also contribute.
SEC Chair Gary Gensler will resign on January 20, and former commissioner Paul Atkins, a pro-crypto advocate, is the top contender.
Analysts think this change might lead to crypto-friendly policies and ETF approvals, increasing altcoin markets.
Grayscale to Offer Bitcoin ETFs
Wednesday will see Grayscale Investments launch options trading on its spot Bitcoin ETFs.
Investor interest increased when BlackRock's iShares Bitcoin Trust (IBIT) set a record on its first day of options trading.
BlackRock's IBIT debuted with over $1.9 billion in notional exposure, 354,000 contracts, and a 4.4:1 call-to-put ratio.
Ripple Labs' overcollateralized stablecoin RLUSD, tied to the U.S. dollar, is expected to be approved by the NYDFS.
The expected clearance allows Ripple to join New York's tightly regulated digital banking business, strengthening its stablecoin ecosystem reach.
Ripple's main business is RippleNet, a decentralized payments network that is quicker and cheaper than SWIFT.
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