Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News
Ripple’s XRP has surged to become the fourth-largest cryptocurrency by market capitalization, following a massive rally fueled by Donald Trump’s election win in November and rising speculation that the SEC may drop its lawsuit against Ripple Labs.
Key Highlights:
- XRP’s price spiked to $2.50 on Monday before settling at $2.30, marking a 21% increase in 24 hours and a nearly 50% gain over the past week.
- Since Trump’s victory, Ripple’s market cap skyrocketed from $30 billion to $131 billion as of Monday.
- Over the weekend, XRP’s market cap crossed $100 billion for the first time since 2018, overtaking Solana (SOL) to secure the fourth spot in the global cryptocurrency rankings.
- XRP briefly surpassed Tether (USDT) in market value on Monday but later fell slightly below it.
This rally marks a significant comeback for XRP, reflecting strong investor confidence amid ongoing legal uncertainties.
