This weekend, XRP experienced a noteworthy surge, crossing the $2 mark for the first time since January 2018 and surpassing Solana with a market cap of $134 billion, making it the fourth-most valuable cryptocurrency. The asset saw a 15% increase on the day, with its price hitting $2.16, reflecting a significant 54% gain over the week and a 318% rise over the last month.
The rally was fueled by optimism around XRP’s regulatory prospects, especially with changes in U.S. leadership potentially fostering a more favorable environment for cryptocurrencies. Ethereum also showed strong performance, reaching a six-month high of $3,741, with an 11% increase over the week and 48% over the past month.
These developments reflect a broader positive trend in the cryptocurrency market, driven by investor confidence and anticipation of more mainstream adoption.
