Payments-focused cryptocurrency XRP (CRYPTO: XRP) surged past $3 for the first time in 7 years on Wednesday in anticipation of a cryptocurrency-friendly SEC under the incoming Donald Trump administration.
What happened: XRP leaped over 8% in the last 24 hours to a market capitalization of $174 billion, surpassing stablecoin Tether (CRYPTO: USDT) to become the third-most valued cryptocurrency.
To put things into perspective, XRP currently has a larger market valuation than Wall Street-listed software giant Palantir Technologies Inc. (NASDAQ:PLTR).
The coin’s trading volume soared 121% in the last 24 hours to $23.20 billion, becoming the fourth-most traded cryptocurrency after Tether and the heavyweights, Bitcoin (CRYPTO: BTC) …
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