Ripple's XRP token underwent a dramatic price surge over the holiday period, climbing to $2.50 before skyrocketing further to $2.87 on Monday. The rally underscores renewed investor interest in XRP, making it one of the fastest-growing cryptocurrencies during the 2024 season,

XRP, the world’s third-largest cryptocurrency by market capitalization, hit a record high at $2.90 on Tuesday before pulling back — with its rally fueled by optimism around a more friendly regulatory environment under the upcoming Trump administration.

XRP, a token linked to Ripple Labs Inc., has vaulted rivals to become the third-largest cryptocurrency in a $100 billion rally. The token rose as much as 32% on Monday to $2.87. In the process its market capitalization topped $154.