XRP has broken the US$2 mark, gaining 350% in 30 days, with a market cap of US$130B.
The surge can be attributed to factors such as Gary Gensler stepping down as SEC chair, Ripple's legal progress, and developments in the XRP Ledger ecosystem.
However, analysts warn of potential long liquidations due to high leverage, reminiscent of a 17% drop following similar activity in November.
XRP is currently ranked third in terms of market cap, outranking coins like BNB, Tether (USDT), and Solana (SOL).