Donald Trump’s election win, an anticipated conclusion to the SEC lawsuit and an expected stablecoin project may have contributed to the XRP price surge.
Ripple’s XRP token has surged to a new 2024 high as investors anticipate pro-crypto developments in the United States under President-elect Donald Trump.
On Dec. 1, XRP (XRP) surpassed Solana (SOL) in market capitalization and has since flipped Tether’s USDt (USDT) to become the third-largest crypto asset by market cap. Cointelegraph Markets Pro data shows that the token surged as high as $2.46 on Dec. 2 before dropping back to $2.29.
Seven-day price chart for the XRP token. Source: Cointelegraph Markets Pro
