XRP has gained over 4.27%, with its price trading at $2.51.
Ripple announced its RLUSD stablecoin will officially launch on Dec. 17.
Ripple’s XRP has surpassed Tether (USDT) to become the third-largest cryptocurrency by market capitalization.
The legal battle of Ripple with the U.S. Securities and Exchange Commission (SEC) had a favourable turn, likely renewing investor confidence and triggering XRP's recent rally.