Ripple’s XRP surges to 2024 high amid Trump win, stablecoin optimism

XRP, the native asset used by blockchain payments firm Ripple, has surged to a new 2024 high as investors anticipate pro-crypto developments in the United States under President-elect Donald Trump. 

On Dec. 1, XRP XRP$2.60 surpassed Solana SOL$238.80 in market capitalization and has since flipped Tether’s USDt USDT$1.00 to become the third-largest crypto asset by market cap. Cointelegraph Markets Pro data shows that the token surged as high as $2.46 on Dec. 2 before dropping back to $2.29.