XRP has experienced a remarkable surge in value, increasing over 71% this week to reach $2.47. This rise marks an impressive 367% gain over the past 30 days. Such an increase has allowed XRP to overtake Tether and become the world's third-largest cryptocurrency.
The surge in XRP's price is attributed to shifting political factors that are currently favorable for the cryptocurrency market. As these conditions continue to evolve, XRP's standing in the market is likely to remain strong.