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The altcoin that has made major waves in recent days is XRP. This cryptocurrency, primarily focused on payment solutions, has reported a surge of over 26% in a single day and a staggering 380% increase over the course of the past month. As of Monday, XRP has successfully dethroned Tether's USDT to become the world’s third-largest cryptocurrency by market capitalization.
This rapid ascent has been attributed to various factors, notably regulatory wins for Ripple, the company associated with XRP. Crypto investor Satoshi Stacker noted this trend, indicating that the recent rallies for XRP have often been prompted by favorable legal developments.