XRP's price jumped nearly 5% to $2.48 after Ripple secured regulatory approval for its RLUSD stablecoin in New York. This approval is seen as a major step for Ripple's crypto ambitions. XRP's market cap surged to $140 billion, exceeding the valuations of companies like Sony and Nike. This follows Bitcoin's recent surge above $100,000, fueled by hopes of a crypto-friendly stance from the new US administration.
