XRP, the native token used within Ripple’s payments system, has jumped to the third spot in market capitalization rankings, beating out the incumbent stablecoin issued by Tether.
The asset is up more than 71% on the week to $2.47 and a further 367% over the last 30 days, according to CoinGecko data. The asset previously flipped Solana for the fourth spot late Sunday.
Ripple Labs’ case against the U.S. Securities and Exchange Commission has been a primary focus for investors, which has been aided by a decision for its chairman, Gary Gensler, to depart on January 20.
Derided by the crypto community for what they viewed as a heavy-handed approach to regulation through litigation, Gensler’s departure is providing renewed optimism for a…
Jan 10 2025
