Markets
XRP leads cryptocurrency rally amid speculation over Ripple Labs settlement
A little-known cryptocurrency at the center of a key legal battle for the industry is leading the latest rally in digital assets amid speculation the company backing it could soon reach a settlement with U.S. regulators.
XRP Bitcoin has surged nearly 40% in the past week to about 60 cents, while bitcoin, a market proxy, has risen about 12% over the same period. Cryptocurrencies have gained in part this week on expectations that Donald Trump will be friendlier to the sector if he wins the U.S. presidential election.