That’s made it the third-biggest crypto by total valuation, according to CoinMarketCap data. Bitcoin, the world’s largest token, is up about 27% over the same period. While investors believe that all digital assets will benefit from Trump slashing regulation,

XRP, the world’s third-largest cryptocurrency by market capitalization, hit a record high at $2.90 on Tuesday before pulling back — with its rally fueled by optimism around a more friendly regulatory environment under the upcoming Trump administration.

XRP’s market capitalization has now surpassed $154 billion, despite languishing below $30 billion before Donald Trump’s re-election. Overall, the broader crypto market has now grown to a staggering $3.6 trillion, and is only set to continue its rapid growth.

XRP, a cryptocurrency from Ripple Labs, rose 32 per cent on Monday to $2.87. This sent XRP’s market cap, which had been at $30 billion on November 5, soaring to $150 billion. But what do we know about what is now the world’s third-largest cryptocurrency?

XRP, a token linked to Ripple Labs Inc., has vaulted rivals to become the third-largest cryptocurrency in a $100 billion rally. The token rose as much as 32% on Monday to $2.87. In the process its market capitalization topped $154.

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 Labs' XRP Token has come up trumps post-election to become one of the world’s biggest cryptocurrencies. The currency leapfrogged Solana’s SOL and is now fourth behind only Tether’s USDT, Ether token and of course Bitcoin.