XRP price nears $3.84 all-time high as daily gains hit 11.6%

XRP's price is rising, currently at $3.29, showing an 11.6% increase in the last 24 hours, with trading volumes exceeding $13 billion. This surge is driven by regulatory developments in the US and Europe, including stablecoin legislation and Ripple's pursuit of a US national bank charter and EU electronic money institution license. A near-resolution of Ripple's lawsuit with the SEC, with a penalty of $125 million, is also contributing to the positive momentum. The launch of leveraged futures funds for XRP and the SEC's new disclosure guidance for crypto ETFs are attracting institutional interest. Ripple is expanding its infrastructure through acquisitions like Hidden Road and developing a lending protocol. XRP is approaching its all-time high of $3.84.