The Ripple-based token rallied strongly during the mid-week trading session, posting an intra-day gain of about 8% for the day as it looked set to breach the $2.55 mark.
The altcoin is now the third-largest crypto asset by market valuation, trading at $144.5 billion, displacing Tether (USDT) with a valuation of $142 billion into fourth place.
The atmosphere in the Ripple ecosystem significantly elevated after the inclusion of Ripple’s XRP in President Trump’s statement on the Crypto Strategic Reserve.