The market capitalization of XRP has seen an impressive rise, surpassing $50 billion, attributed to a surge of more than 21% within a 24-hour period. This increase has been largely driven by high trading volumes, which added momentum to the bullish market trend.
An important aspect of this growth is thought to be related to a recent decline in confidence from Gary Gensler, which likely triggered increased investor activity and optimism about XRP's future. Enthusiasts are closely watching to see how this trend develops and continues to impact XRP's market position.
