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xrp rallies 370 percent as ripple prepares for stablecoin launch
XRP has surged 370% since Donald Trump's election victory, now trading at $2.51 and solidifying its position as the third-largest cryptocurrency. The rally is fueled by optimism over a more favorable regulatory environment, particularly with pro-crypto appointments in Trump's administration, and the upcoming launch of Ripple's stablecoin, RLUSD, on December 17, 2024. Investors are hopeful that these developments will resolve ongoing legal challenges and enhance XRP's adoption in institutional markets.
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