Ripple's native cryptocurrency, XRP, has surged around 8% in the last 24 hours, reaching an intraday high of $2.40 with a market cap of $135 billion. This rally is attributed to Ripple's growing presence in the financial industry, including Bank of America adopting XRP for its internal transactions and filing patent applications related to blockchain technology. There is also optimism surrounding the potential launch of an XRP exchange-traded fund (ETF) as U.S. legislation on crypto evolves. However, uncertainties remain due to the ongoing SEC vs. Ripple case and potential changes at the SEC with the departure of Chair Gary Gensler. XRP's trading volume has decreased, but technical indicators suggest a bullish trend. XRP faces resistance near its all-time high of $3.55 and the $3.00 level. A close above $2.7 could validate the bullish thesis and push XRP toward $3.



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