XRP has experienced a surge in price, reaching levels not seen since April 2021 and surpassing other major cryptocurrencies. The price has risen 200% in the past month, with a 14% increase in the past 24 hours. The cause of this increase is not immediately apparent, but several factors have contributed to XRP's appeal. Republican victories in the U.S. elections have renewed investor confidence in tokens with links to U.S. companies, including XRP. Additionally, the announcement that U.S. Securities and Exchange Commission Chair Gary Gensler will step down in January has raised hopes of a more relaxed regulatory environment. Record levels of XRP futures positions and expectations of an XRP exchange-traded fund (ETF) in the U.S. have further fueled the rise in price. Ripple's plans to invest in the Bitwise Physical XRP ETP have also contributed to the increase.



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