XRP, the native token of the XRPLedger, has experienced a significant rally in the past week, gaining 42%. The altcoin hit a new all-time high and surpassed Ethereum's 24-hour trade volume. This surge is believed to be driven by several factors, including optimism about crypto regulation and policy under the upcoming Trump administration. On-chain indicators support a bullish thesis for XRP, and it is expected to enter price discovery in the coming week. However, there are uncertainties about the Trump administration's stance on crypto regulation and the outcome of lawsuits against Ripple Labs. XRP is currently trading at $3.26, close to its all-time high, and technical indicators suggest a bullish trend. However, investors should be cautious about the volatility of altcoins in the current market cycle.



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