XRP, one of the leading cryptocurrencies, has reached an important milestone by entering the list of the 100 most valuable companies globally. This statement highlights the increasing influence of digital assets on traditional finance.
Market-Cap Milestone
According to recent data, XRP's market capitalization has reached $180 billion. Currently, XRP surpasses financial giants like Citigroup with a capitalization of about $181.9 billion and HDFC Bank with nearly $181.1 billion. By entering the top-100 global assets, XRP becomes part of an exclusive club previously dominated by mega-corporations and fund investments.
Drivers Behind the Surge
Several factors contribute to the growth of XRP. Ripple, the company associated with XRP, has strengthened its position through a recent partnership with BBVA, a major European bank. This partnership is seen as a step toward the wider acceptance of digital assets within the traditional banking sector. Moreover, the launch of the RLUSD stablecoin in December 2024 has increased the utility and revenue of the ecosystem, thereby boosting investor confidence and demand for XRP.
Context and Comparative Analysis
While the symbolism of this achievement is striking—a cryptocurrency surpassing well-known financial institutions—it is important to interpret the comparative figures correctly. A public company’s market cap reflects expectations around profits and shareholder equity, whereas a token’s valuation represents the market price of its circulating supply at a moment in time. Although these measures are not perfectly comparable, XRP's entry into the top-100 underscores the ongoing normalization of digital assets within mainstream finance.
For now, XRP has secured a prominent position among the 100 most valuable assets worldwide, surpassing respected banks. XRP’s growth demonstrates an important step toward integrating traditional finance with blockchain technology.
