XRP has surged 260% over the past 30 days, outperforming major cryptocurrencies like Bitcoin, Ethereum, Solana, and Dogecoin. Over the past month, Bitcoin gained 14%, while Ethereum rose by 15%, and Dogecoin by 1%.

Bitcoin rose back above $100,000 per coin Wednesday after U.S. inflation data matched expectations, with other top coins also popping.

The XRP price surged over 6% in the last 24 hours after Ripple CEO Brad Garlinghouse said stablecoin RLUSD had received regulatory approval.

XRP is soaring after its creator, Ripple, announced that its planned and unrelated RLUSD stablecoin has finally received regulatory approval and is preparing to launch “soon.” XRP is up 11% in the last 24 hours,

XRP (XRP-USD), the native cryptocurrency of the XRP Ledger, which was created by Ripple's founders, extended its strong bull run in Wednesday morning trading, surging 20%, after Ripple CEO Brad Garlinghouse said the private fintech company's much-anticipated stablecoin received final approval from the New York Department of Financial Services.