XRP, the digital currency associated with Ripple Labs Inc., has experienced a surge in value, becoming the third-largest cryptocurrency after Donald Trump's win in the U.S. presidential election.
On Monday, the token saw a significant increase of up to 15%, reaching a price of $2.50. This rally has resulted in XRP's market capitalization surpassing $137 billion, a substantial rise from less than $30 billion on November 5.
The cryptocurrency market as a whole has been experiencing notable gains in recent days, contributing to a total market rally valued at $100 billion.