XRP surged 11% over the past 24 hours, reaching a seven-year high above $3 as Bitcoin briefly surpassed $100,000. This rally has positioned XRP as the third largest cryptocurrency by market capitalization, exceeding $170 billion, and making it more valuable than BlackRock. Analysts attribute this surge to increased accumulation by large holders, who purchased 1.4 billion XRP tokens worth approximately $3.8 billion over the last two months. The growing anticipation surrounding potential crypto-friendly policies and an impending spot XRP ETF approval also contributed to this substantial price movement. Ripple's president expressed expectations of a forthcoming ETF approval, which could further fuel XRP's upward momentum. The momentum has prompted speculation of breaking past the 2018 all-time high of $3.4, with projections suggesting XRP must exceed $4.24 to set a new inflation-adjusted record.

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