XRP, a cryptocurrency associated with Ripple Labs, has become the third largest crypto with a surge in market capitalization of $100 billion since the US presidential election on November 5. It now stands at around $137 billion having been less than $30 billion on election day.

Payment-focused cryptocurrency XRP (CRYPTO: XRP) flipped Solana (CRYPTO: SOL) to become the fourth-largest cryptocurrency after a searing rally on Sunday. What happened: The coin surged over 26% in the last 24 hours,

Ripple's XRP has managed to surge past $2 after what felt like an eternity, sitting at exactly $2.10 as of press time. Not only that, but the coin has managed

XRP, which once was a powerhouse alongside Bitcoin and Ethereum, has returned to its place in the Top 3 ranks of the world's most valuable cryptocurrencies, following a four-year downtrend triggered by the SEC's lawsuit against Ripple.

The surge in the value of the XRP token comes amid speculation that the SEC may drop its legal case against Ripple Labs, the company that developed the XRP platform.

Ripple token XRP has surged past Tether (USDT) and Solana (SOL) to become the third-largest crypto by market capitalization.