XRP Surpasses Tether to Reclaim Top 3 Crypto Spot

XRP has made headlines once again by overtaking Tether (USDT) to reclaim its position as one of the top three cryptocurrencies by market capitalization. This development highlights a significant shift in the digital asset landscape, reaffirming XRP’s relevance in a highly competitive market.

According to CoinGecko data, XRP experienced a surge exceeding 9% in just 24 hours, pushing its total market cap to nearly $151 billion. This impressive upswing not only bumped XRP up the ranks in the crypto leaderboard but also placed it ahead of some globally recognized corporations, including Sony, Citigroup, Airbus, and Shopify.

In contrast, Tether had been enjoying a monumental day after achieving a notable milestone—becoming the first-ever stablecoin to surpass a $150 billion market cap. As a key player in the stablecoin segment, USDT has maintained a strong presence, enjoying widespread adoption and institutional acceptance since its inception in 2014. Just as Tether was celebrating its historic achievement, XRP disrupted the moment with a dramatic return to prominence.

This isn’t the first time XRP and Tether have competed closely for higher rankings. The two frequently trade places on the market capitalization charts, typically based on short-term fluctuations. XRP’s reinstatement in the top three comes amid growing investor optimism. The momentum is fueled by the broader market environment and heightened anticipation stemming from Ripple’s developments in the regulatory sphere.

Ripple’s recent legal and business advancements have certainly contributed to XRP’s upward trend. Previously, important victories in regulatory contexts and the anticipation of shifts in U.S. policy around cryptocurrencies sparked renewed enthusiasm for XRP. Last year, excitement surrounding a regulatory pivot helped XRP strengthen its market share, pushing it ahead of Tether on various occasions.

While XRP’s current performance is impressive, it’s essential to note that it still has a long path ahead before approaching Ethereum (ETH), which holds a firmer and historically higher place in the ranking. That said, XRP has momentarily outpaced Ethereum in terms of fully diluted market capitalization during specific spikes over the past several months, suggesting strong latent support from its community and stakeholders.

In related news, Ripple CEO Brad Garlinghouse revealed in a strategic update that the company would discontinue its quarterly XRP market reports. The intention behind this move appears to be a shift toward alternative transparency methods. However, Ripple remains committed to updating the public on its XRP holdings through its official website, ensuring continued visibility into its treasury practices.

From a broader perspective, XRP’s resurgence signals a strong push toward reclaiming influence in a market that has increasingly diversified with the rise of stablecoins, DeFi tokens, and Layer 1 competitors. As Ripple continues to expand its utility and global footprint, XRP’s ability to maintain or advance its position in the top ranks remains closely watched by investors, analysts, and the wider crypto community.

At this stage, XRP’s renewed prominence serves both as a technical milestone and a symbolic victory in its ongoing narrative of resilience and growth. With market dynamics evolving rapidly and increasing discussions surrounding legal clarity for cryptocurrencies, XRP’s climb back into the top three reinforces its status as a powerful contender in the blockchain ecosystem.

For observers tracking the health and trajectory of major digital currencies, XRP’s performance underscores not only its robust market movements but also investor confidence in the asset’s long-term utility and potential in a maturing financial world.

Source: Santiment data

Featured comparisons: Company market cap data

Related: Expert Advice: Sell XRP If You’re Confused

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