XRP Breaks Into Top 3 Cryptos After Overtaking Tether and Solana

user avatar

by Giorgi Kostiuk

2 years ago

XRP has climbed to the third spot among cryptocurrencies by market cap, overtaking Tether and Solana. Over the past seven days, XRP's price has increased by almost 70%, reaching $2.5.

Reasons Behind XRP's Surge

The rise of XRP is linked to a series of political and regulatory developments alongside renewed market speculation. Donald Trump's election as the President of the USA has reignited enthusiasm in the cryptocurrency market. XRP's momentum increased due to reports about Ripple's stablecoin RLUSD's impending approval by the New York Department of Financial Services and the potential resolution of Ripple's legal battle with the SEC.

Potential Market Impact

Firms like Bitwise and Canary Capital are actively seeking SEC approval to introduce ETFs focused on XRP, further strengthening investor confidence in the coin.

Warning of Possible Drawdown

CryptoQuant analyst Maarten Regterschot notes that XRP's open interest has risen by 37%, indicating an increase in market leveraging. He warns that a similar past pattern led to a 17% price decline, emphasizing the importance of risk management.

XRP's ascent to the third position among cryptocurrencies highlights its market impact. Investors should be aware of potential risks associated with volatility.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Regulators Urge Faster Cybersecurity Measures in Banking Sector

chest

Regulatory bodies are urging banks to adopt quicker patching and incident response strategies to combat evolving cyber threats.

user avatarRajesh Kumar

Advanced AI Accelerates Cyberattack Risks for Banks

chest

A new paper highlights the increasing threat posed by advanced AI to banks' cybersecurity, emphasizing the need for faster software repairs.

user avatarLucas Weissmann

US Stock Market Faces Turmoil Amid Rising Bond Yields and Oil Prices

chest

The US stock market is facing significant declines due to rising bond yields and increasing oil prices, influenced by geopolitical tensions.

user avatarFilippo Romano

Zoomex Launches World Trading Championship 2026 with Record Prize Pool

chest

Zoomex announces the launch of the World Trading Championship 2026 with a record prize pool of 5,000,000 USDT, featuring an expanded multi-asset competition format.

user avatarEmily Carter

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

Galaxy Announces $5 Million Funding for Bitcoin Quantum Security Research

chest

Galaxy announced up to $5 million in funding for Bitcoin quantum-security work, including developer grants, research, and an advisory council.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.