What drove XRP's surge in price this past week?

XRP has seen strong growth in the past week thanks to the change in the regulatory environment in the US and positive sentiment from the investor community. On November 16, the price of XRP reached $1,146, up 80% in just 7 days. One of the main reasons for this surge is the lawsuit filed by 18 US states against the SEC, which has created optimism about the possibility of a more crypto-friendly regulatory environment in the future.

In addition, there are views that President Trump's election will also have a positive impact on crypto policy, with his pledge to ease current regulations, creating favorable conditions for the industry to grow. The increase in open interest also shows investors' confidence in the ability of XRP to continue to increase in price.

In short, a combination of political, regulatory factors and positive market sentiment has driven XRP prices higher over the past week.