XRP, the cryptocurrency associated with Ripple, hit $2.45, marking its highest price in seven years. Over the past month, the token surged by 274%, with a market capitalization reaching $136 billion, making it the third-largest cryptocurrency after Bitcoin and Ethereum.

The rise was fueled by the announcement of SEC Chair Gary Gensler’s resignation in January 2025, sparking hopes for regulatory easing and a resolution to Ripple’s legal battle with the SEC. Additionally, speculation about the potential launch of an ETF based on XRP has further boosted interest in the cryptocurrency.

Analysts warn about the risks of speculative trading with leverage, which could lead to sharp price swings. Despite these risks, XRP has overtaken Solana and Tether in market capitalization, showing a 1,420% increase since its 2020 low, solidifying its position as a leading cryptocurrency.