XRP Surpasses Tether and BlackRock in Market Capitalization

user avatar

by Giorgi Kostiuk

2 years ago

XRP has surged to a new local high of $2.96, marking a 31.5% increase since the start of the year. Its market cap has climbed to $169.3 billion, securing its place as the third largest cryptocurrency.

Market Drivers Behind XRP’s Rally

XRP’s recent price surge can be attributed to factors including Ripple Labs’ expanding partnerships and the launch of their stablecoin RLUSD. Speculation surrounding the potential approval of a spot XRP ETF has also added fuel to the rally.

Impact of Crypto Policies on the Market

XRP’s momentum has been amplified by the anticipation of Donald Trump’s second inauguration in January 2025. Pro-crypto policies may significantly impact the market.

Future Price Targets for XRP

Analysts remain optimistic about XRP’s trajectory, with some forecasting a short-term price surge to $4–$5, and others seeing potential to reach $27 by year-end.

XRP shows strong momentum, drawing interest from institutional and retail investors alike. Factors like upcoming political changes and potential ETF approval might continue to influence its price.

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

Nvidia and Other Major Companies Object to Trading on OKXICE's Tokenized Stock Venue

Nvidia and 11 other companies have formally objected to their shares being offered on OKXICE's planned tokenized stock trading venue, bringing the total objections to 50.

user avatarRajesh Kumar

CFTC Moves Forward Amidst Stalled CLARITY Act

The CFTC's regulatory initiative reflects growing pressure on US regulators to address gaps in digital asset oversight as the CLARITY Act stalled in Congress.

user avatarMiguel Rodriguez

CFTC Proposes New Crypto Asset Market Registration

The CFTC proposes a new registration category for crypto asset markets to streamline regulatory oversight.

user avatarLuis Flores

Tom Lee Discusses Resilience of Crypto Market Post-Binance Hack

Tom Lee discusses the resilience of the crypto market following the recent Binance hack, highlighting its muted reaction and positive signs for the future.

user avatarArif Mukhtar

Bitmine Continues Ethereum Acquisition Amid Binance Hack

Bitmine Immersion Technologies continues its weekly Ethereum acquisition, adding 8,573 ETH worth approximately $19 million, totaling 6,060,506 ETH.

user avatarMaria Gutierrez

Trezor Expands Passphrase Limit to Enhance Wallet Security

Trezor has increased the passphrase limit for its hardware wallets from 50 to 128 characters to enhance security for users' cryptocurrency holdings.

user avatarDavid Robinson

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.