XRP rose $2 for the first time since 2018 as Ethereum hit a 6-month high.

XRP continued its weekend gains into Sunday, breaking above the $2.00 mark for the first time in seven years and overturning Solana in market value, while Ethereum hit a six-month high.

As of this writing, the price of XRP is sitting at $2.16, the highest price seen since January 2018 and the first time it has topped $2.00 in the same period. XRP rose 15% on the day, pushing its weekly gain to 54%. The asset has now quadrupled over the past 30 days, up 318% in this window.

With a current market cap of $134 billion, XRP has become the fourth most valuable digital asset ahead of Solana. Solana's market value is set at around $112 billion.

As Decrypt covered yesterday and over the past few weeks, XRP is rising above most major assets largely because of the prospect of the regulator. President-elect Donald Trump ran on a pro-crime platform, and Securities and Exchange Commission (SEC) chief Gary Gensler is out of office effective January 20, 2025, when Trump takes the oath of office.

The SEC has targeted Ripple Labs for securities violations, leaving XRP — which was created by Ripple's founders and used in its money transfer services — futures in the United States. However, the impending regime change has given investors confidence that XRP faces fewer challenges, and could be adopted for exchange-traded funds (ETFs) and other financial uses.

XRP is down about 41% from its January 2018 high of $3.40, but again, it's the closest it's been in seven years.

Of course, all leading cryptocurrencies have seen price increases in recent weeks since Trump's election win, although Ethereum (ETH) has lagged behind Bitcoin and other coins in recent months.

But ETH may finally catch on, as it hit a six-month high of $3,741 on Sunday. Ethereum is up 11% for the week and 48% over the past 30 days, but is still about 24% off its 2021 high of $4,878.

Even so, it's relatively flat on the day, with just a 0.4% gain as of this writing, bringing the price down to $3,707. Bitcoin was also roughly flat on the day, trading at $97,200.