XRP Surges to 4th Largest Crypto Amid RLUSD Stablecoin Approval

XRP has surged over 26% in the last 24 hours, reaching a market cap of $136 billion and surpassing Solana to become the fourth-largest cryptocurrency. This rally was driven by reports of the New York Department of Financial Services' impending approval of Ripple Labs' RLUSD stablecoin. Ripple aims to expand its offerings beyond cross-border payments with this new stablecoin. Additionally, speculation around SEC Chair Gary Gensler's potential resignation has fueled investor optimism, as Ripple continues its legal battle with the SEC over XRP's status.