It’s been six years, but XRP’s market cap finally crossed $100 billion again, hitting a milestone not seen since January 2018.
Skyrocketing to the Moon?
The investors got a nice rally, with XRP soaring over 250% just in this month alone. As of now in the time of writing, XRP is trading at about $1.9, reflecting a double digit increase in the last 24 hours and more than 20% rise over the past week.
Since the beginning of the year, it has skyrocketed by 202%, making it the fifth-largest crypto by market cap, bumping BNB down a notch.
With a market cap of $104.5 billion, XRP now sits behind only Bitcoin, Ethereum, Tether, and Solana, who’s currently at around $115 billion.
Ripple’s ambitious plans
On top of this price surge, there are rumors, or more like speculations that New York regulators have given the green light for Ripple’s upcoming RLUSD stablecoin.
This news has further fueled excitement and hopium around XRP, especially with discussions about launching an XRP ETF set for 2025.
Analysts are feeling quite optimistic about this potential ETF getting a thumbs-up from the U.S. SEC.
Ripple is positioning its regulated stablecoin to compete directly with established players like Tether and Circle, and this strategic move could shake up the U.S. digital finance market and put Ripple in a strong position moving forward.
A new era for XRP
After years of battling regulatory challenges with the SEC, XRP is now warming up to institutional investors as it anticipates a friendlier regulatory environment, especially with Donald Trump’s long-awaited crypto-friendly administration.
With all these developments, it’s clear that XRP is not just riding a wave, it’s making serious strides, setting trends to solidify its already strong place in the crypto industry.
