XRP Surges to Become Third Largest Cryptocurrency, Overtakes USDT

user avatar

by Giorgi Kostiuk

2 years ago

XRP has surged ahead of Tether to become the world's third largest cryptocurrency. This rise is fueled by multiple factors, including potential regulation news and significant purchases by major investors.

Impact of RLUSD Stablecoin on XRP Price

According to Fox News, the NYDFS may soon approve Ripple's RLUSD stablecoin, with a launch expected on December 4. This move could affect XRP prices. Additionally, SEC Chair Gary Gensler's possible resignation may also contribute to a more stable outlook for the company.

XRP’s momentum seems linked to news that the NYDFS may soon approve Ripple’s RLUSD stablecoin.Peter Chung

XRP Purchases by Major Investors

Recently, 'whales' or major investors, have been acquiring significant amounts of XRP. As Ripple strengthens its position in its case with the SEC, investor confidence is rising. Whale Alert data shows that address r32...yLn acquired 50 million Ripple tokens, while rfQ...Cvi picked up 25.08 million tokens. These transactions have bolstered investor confidence in XRP.

XRP Breaks Past the $2 Mark

XRP reached a new price peak, jumping almost 29% in a single day to $2.39. Over the past month, the price has surged by 367%. This momentum has enabled XRP to surpass Solana and USDT, solidifying its position in the market.

XRP's growth underscores its significance in the cryptocurrency market, providing investors with confidence in its future.

Tier I

Sector: #18291

Sealed Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Richard Heart Detained in Istanbul Linked to Finnish Tax Investigation

Richard Heart, founder of HEX and PulseChain, has been detained by Turkish authorities in connection with a Finnish tax investigation.

user avatarJacob Williams

TD Cowen Increases Strive's Share Price Target Amid Bitcoin Holdings Surge

TD Cowen analysts raised Strive's share price target from 44 to 56 due to significant expansion of Bitcoin holdings to 35,595 BTC, noted in a research update on October 16.

user avatarZainab Kamara

Tether Invests in AI Infrastructure Startup AIsa

Tether has invested in AI infrastructure startup AIsa, contributing to its total funding of over $9 million to support autonomous AI applications.

user avatarSon Min-ho

Taiwan Restricts Access to Coinbase and Kalshi Ahead of Elections

Taiwanese authorities have restricted access to Coinbase and Kalshi websites due to concerns over election betting.

user avatarTando Nkube

Strategy Proposes Daily Dividends for STRC Preferred Stock

Strategy has conditionally declared daily dividends for its STRC preferred stock for November 2026, pending shareholder approval.

user avatarKofi Adjeman

Ripple Prime Expands Institutional Trading with New Derivatives Access

Ripple Prime introduces access to perpetual derivatives referencing traditional assets for eligible institutional clients.

user avatarNguyen Van Long

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.