The crypto market cap surged to $3.57 trillion, driven by a 2.07% increase. The cryptocurrency total trading volume stood at $161.68 billion, up 3.52% in the last 24 hours. Trading volumes for stablecoins accounted for 90.

XRP is witnessing the fastest observed rally since the altcoin boom of January 2018, according to a popular market analysis tool called the relative strength index (RSI). The measure oscillates between 0 and 100, measuring the speed and change of price movement over specific periods, typically 14 days or 12 months.

Ripple (XRP) is experiencing its strongest price uptrend since early 2018 off the backdrop of a recent filing by the US Securities and Exchange Commission (SEC). The financial regulator is seeking to overturn a federal court ruling that stated Ripple tokens were not offered to investors as unregistered securities.