The XRP token continues to show growth, now ranking 94th among the world's largest assets according to Companiesmarketcap, surpassing Shopify.
XRP and its new position in the global ranking
According to data from Companiesmarketcap, XRP now holds the 94th position among the largest assets in the world, surpassing Canadian e-commerce giant Shopify. This places the token alongside traditional heavyweights such as Booking Holdings, Texas Instruments, and Verizon, reflecting its growth since its inception in the digital currency space.
Expectations for ETF and banking license
There are rising expectations surrounding XRP that could intensify in the coming months. Specifically, market watchers are focused on two key developments that could change its standing. First is the long-awaited decision on an XRP spot ETF, which, despite delays from the SEC, could provide significant liquidity by allowing institutional investors direct access. The second is Ripple's pursuit of a U.S. banking license, aiming to become one of the first crypto firms integrated into the country's financial system.
The potential of XRP in the global financial system
Analysts believe that securing both a banking license and ETF approval in the same month could significantly cement XRP's status as a core asset in global finance. Such milestones would mark a transition from speculative trading to widespread institutional adoption, placing XRP alongside commodities, stocks, and currencies that dominate today's global markets.
XRP's rise in the rankings confirms what many of its supporters have long argued: that the token is becoming a growing force in the financial hierarchy. As October approaches, significant changes may be on the horizon.
