$XRP

XRP surges 282% in one month XRP has seen a strong rally over the past week, gaining 30% and outperforming Bitcoin (BTC) and a number of other major currencies. Data from CoinGecko shows that the coin’s monthly gains have reached nearly 300%.

XRP’s market cap crossed the $100 billion mark on Saturday evening, fueled by a rally that has continued for several weeks without stopping, thanks to several factors that have supported the coin’s positive momentum.

With XRP up 282% in a single month, Ripple is now trading at $1.9066 per coin, up 1.56% in Sunday trading, after rising 16.5% in Friday trading and 8.42% in Saturday trading, hitting a new high of $2.87, its highest price since January 2018, when it reached a record high of over $3.40.

The rally came after a report by Fox Business that the New York Department of Financial Services has indicated that it may approve the issuance of a stablecoin by Ripple, which is directly linked to XRP.

If approved, Ripple will be able to legally offer the RLUSD stablecoin to the public, with a tentative launch date of December 4.

XRP

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