Ripple’s XRP token has surged to a new 2024 high as investors anticipate pro-crypto developments in the United States under President-elect Donald Trump. On Dec. 1, XRP (XRP) surpassed Solana (SOL) in market capitalization and has since flipped Tether’s USDt (USDT) to become the third-largest crypto asset by market cap.

XRP has exploded in value on recent news. Here's how much investors that entered a position in 2020, unafraid of the SEC, would have made.

The surge in the value of the XRP token comes amid speculation that the SEC may drop its legal case against Ripple Labs, the company that developed the XRP platform.

Ripple Labs' XRP Token has come up trumps post-election to become one of the world’s biggest cryptocurrencies. The currency leapfrogged Solana’s SOL and is now fourth behind only Tether’s USDT, Ether token and of course Bitcoin.

XRP price surged past $2 for the first time in seven years on December 2, 2024. The XRP market cap is now at $138 billion. It has taken the spot of the third la

XRP, a token linked to Ripple Labs Inc., has vaulted rivals to become the third-largest cryptocurrency in a $100 billion rally.