XRP Surpasses Tether, Reclaims Third-Largest Crypto Spot with $138.98B Market Cap

Jan 3, 2025, 01:55 PM

XRP has overtaken Tether (USDT) to reclaim its position as the third-largest cryptocurrency by market capitalization. As of the latest reports, XRP's market cap stands at $138.98 billion, surpassing USDT's $137.1 billion. This shift reflects a 280% annual increase in XRP's value, with the cryptocurrency now trading at $2.43 per unit. The surge in XRP's market position is attributed to several factors, including Ripple's legal victories, growing banking adoption, and the rollout of Ripple's RLUSD stablecoin. Additionally, the anticipation of an XRP-focused exchange-traded fund (ETF) has contributed to the bullish sentiment surrounding the cryptocurrency.