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

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

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.