XRP Price Surge: What’s Behind Today’s Rally?

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XRP’s price is up today, buoyed by high optimism over its regulatory future, record high open interest, and a market structure pointing to new all-time highs.

XRP price is up today, rising by nearly 30% over the last 24 hours to hit a seven-year high of $2.50 as bulls continue pushing for record highs.

Crypto-friendly future optimism boosts XRP price

XRP price has rallied almost 400% from $0.50 on Nov. 5, when Americans went to the polls, to an intraday high of $2.50 on Dec. 2. The last time the token traded close to this area was in January 2018, before it dropped to $0.08, during the 2018 bear market.

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