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The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/xrp-climbs-to-fourth-largest-crypto-rlusd-launch-drives-surge/" rel="noopener noreferrer nofollow">XRP Climbs to Fourth Largest Crypto: RLUSD Launch Drives Surge</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Ripple’s native token, $XRP, has finally surpassed Solana’s (SOL) market value, driven by anticipation surrounding its stablecoin (RLUSD) launch. In the early hours, XRP briefly surged to $2.085. According to the available data, XRP’s market value has reached US$117.5 billion, overtaking SOL’s US$112.1 billion. XRP is now ranked third in cryptocurrency market capitalization.<blockquote>Dear <a href="https://twitter.com/search?q&#61;%24XRP&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> Jedi Warriors…You were right, I was wrong. Well done! Dinosaurs still roam the earth &#x1f609;I just want everyone to make $$ and you guys have walked through hell to get here. I still own some XRP from the delisting but you guys/girls deserve everything.&#x1f44f;— Raoul Pal (&#64;RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1863358055469002807?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">December 1, 2024</a></blockquote><h2 id="header-0">Ripple vs. Solana Market Trends</h2>Currently, <a href="https://cryptosnewss.com/xrp-hits-43-month-high-speculative-activity-fuels-rally/" rel="noopener noreferrer nofollow">XRP </a>is trading at $2.3263 after a 22.05% surge in the past 24 hours, while SOL is trading at $235.77 following a 0.75% dip. Ripple’s market cap has also increased by 22.05%, with its 24-hour trading volume rising by 21.81% to $19.27 billion.In contrast, Solana’s market cap has fallen by 1.33%, despite a 5.82% increase in its 24-hour trading volume to $3.77 billion. The dip in SOL may be attributed to selling pressure.<h2 id="header-1">A New Start for Ripple with Stablecoin RLUSD Launch</h2>During November’s ‘Trump trade’ phenomenon, the crypto market saw an overall uptrend, but Ripple faced slight setbacks due to its prolonged regulatory limbo. The US SEC lawsuit, which alleged that Ripple was an unregistered security, created significant uncertainty among investors. Before these regulatory challenges, $XRP was the third-largest cryptocurrency by market cap. When the SEC sued Ripple in December 2020, XRP’s price plummeted from around $0.50 to $0.17, erasing over $15 billion in market value.Now, with the regulatory situation improving, Ripple supporters could see a fresh start for the crypto they have long championed.<blockquote>Wow. Pre-lawsuit, <a href="https://twitter.com/search?q&#61;%24XRP&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> was the third largest cryptocurrency by market cap. When the <a href="https://twitter.com/SECGov?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">&#64;SECGov</a> sued <a href="https://twitter.com/Ripple?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">&#64;Ripple</a> in December 2020, the price fell from around $0.50 to $0.17, taking out with it more than $15B in market value. While the price recovered, <a href="https://twitter.com/search?q&#61;%24XRP&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> spent the next four years at… <a href="https://t.co/FGaVNoz0VF" rel="noopener noreferrer nofollow">pic.twitter.com/FGaVNoz0VF</a>— Eleanor Terrett (&#64;EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1863306002977747423?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">December 1, 2024</a></blockquote>Optimism also stems from Ripple’s upcoming stablecoin, RLUSD, which is nearing approval from the New York Department of Financial Services (NYDFS) and is set to launch on December 4, 2024. Once approved, Ripple will be able to legally offer RLUSD to the public, solidifying its position in New York’s regulated digital finance market and the broader stablecoin ecosystem.Ripple, known for its utility in international payments, is undoubtedly back in the spotlight!Optimism also stems from Ripple’s upcoming stablecoin, RLUSD, which is nearing approval from the New York Department of Financial Services (NYDFS) and is set to launch on December 4, 2024. Once approved, Ripple will be able to legally offer RLUSD to the public, solidifying its position in New York’s regulated digital finance market and the broader stablecoin ecosystem.Ripple, known for its utility in international payments, is undoubtedly back in the game!The post <a href="https://cryptosnewss.com/xrp-climbs-to-fourth-largest-crypto-rlusd-launch-drives-surge/" rel="noopener noreferrer nofollow">XRP Climbs to Fourth Largest Crypto: RLUSD Launch Drives Surge</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

XRP Climbs to Fourth Largest Crypto: RLUSD Launch Drives Surge

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