XRP, a cryptocurrency focused on payments, is experiencing its fastest rally in years. Its price has surged 50% to seven-year highs, reaching above $3, with a 240% rally in the past quarter. The market capitalization has increased to $176.75 billion, making it the third-highest among cryptocurrencies. The relative strength index (RSI) indicates that the momentum observed over the past 12 months is the strongest in seven years. XRP's rally is attributed to growing partnerships, the launch of Ripple’s stablecoin RLUSD, and speculation about a potential spot XRP ETF. The trading volumes and derivatives activity for XRP have also increased significantly, supporting the ongoing bullish momentum. Additionally, the rise of Bitcoin has contributed to the positive sentiment in the wider crypto market.



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