XRP has been experiencing a significant bull run since the U.S. election. Its price recently soared to almost $3, fueled by the excitement around Ripple's RLUSD stablecoin launch.
Currently, XRP is trading at $2.51, marking a 4.52% rise following the RLUSD launch news.
Analysts are optimistic and believe XRP has the potential to reach $3.55 if the ongoing SEC issues come to a favorable resolution. This development is seen as a driving force behind the current bullish sentiment surrounding XRP.