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Fortune
Fortune
Catherine McGrath

Ripple’s XRP soars over 40% as regulatory headwinds let up

(Credit: Dominika Zarzycka/SOPA Images/LightRocket—Getty Images)

Ripple’s XRP has become the third-largest cryptocurrency by market cap, overtaking popular tokens like Solana, USDT, and Binance Coin, as a new era of crypto-friendly policy begins to take shape in Washington, D.C.

On Monday, XRP had climbed an eye-popping 40% in 24 hours, reaching $2.80 for the first time in seven years. The coin has attracted over $120 billion in new investment, and reached a market cap of $156 billion since Donald Trump and a host of other crypto-friendly candidates won election on Nov. 5.

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