XRP surged to $2.48, driven by positive regulatory developments, increased institutional inflows, and optimism about ETF approvals.
Regulatory changes, including Gary Gensler's resignation and the expectation of a pro-bitcoin government under President-elect Donald Trump, have boosted confidence in XRP.
Institutional investments in XRP have significantly increased, with CoinShares recording a 621% week-on-week increase in investments. ETF approvals could further drive XRP's price increase.
XRP has benefited from the altcoin season and increased market activity. Its future trajectory depends on ETF approval, regulatory changes, and institutional interest.