XRP has surged to a new year-to-date high of $1.68, marking a 40% increase this week. The altcoin's impressive rally could see it surpass BNB as the fifth-largest cryptocurrency. On-chain data reveals a 100% rise in active accounts in November, with numbers jumping from 15,592 to 47,044. This growth is fueled by Ripple's partnership with Archax and Bitwise's rebranding of its European XRP ETP. While XRP eyes the $2 mark, analysts warn of potential bearish reversals due to overbought conditions and low trading volumes, suggesting a possible market correction.