Payment-focused cryptocurrency XRP XRP/USD flipped Solana SOL/USD to become the fourth-largest cryptocurrency after a searing rally on Sunday.
What happened: The coin surged over 26% in the last 24 hours, reclaiming the $2 level after a gap of nearly seven years.
The coin topped $136 billion in market capitalization, knocking Solana out of fourth place among the largest cryptocurrencies in valuation.
The latest rally has catapulted XRP’s year-to-date gains to 286%, significantly outpacing Bitcoin BTC/USD and Ethereum ETH/USD.
The rally was spurred by a Fox Business report about the New York Department of…