XRP now ranks third by market capitalization
USDT falls to fourth position amid stable market
XRP gains fueled by renewed investor interest
XRP Jumps to Third Spot in Crypto Rankings
In a notable market move, XRP has flipped Tether (USDT) to become the third-largest cryptocurrency by market capitalization. This milestone marks a significant comeback for the digital asset, which has been under regulatory scrutiny for years but has remained popular with retail and institutional investors alike.
The market cap of XRP soared following renewed trading volume and bullish momentum, overtaking USDT—a stablecoin that has long held a firm grip on the third position due to its consistent peg to the U.S. dollar.
What’s Fueling XRP’s Climb?
The recent jump in XRP’s valuation is largely attributed to increased investor confidence and positive sentiment surrounding the ongoing legal clarity with the SEC. As the market regains trust in XRP’s legal standing, trading volumes have spiked, pushing its price and market cap higher.
Meanwhile, USDT’s position has remained steady but static, as stablecoins typically don’t experience major valuation swings. This has allowed XRP, with its volatility and growth potential, to edge ahead.
UPDATE: $XRP flips $USDT to become the third-largest cryptocurrency by market cap. pic.twitter.com/rWh1ddzSiR
— Cointelegraph (@Cointelegraph) May 12, 2025
Market Eyes on What’s Next
Now that XRP has claimed the third spot, traders are watching closely to see if it can maintain its position or even challenge higher. The flip also highlights growing market momentum and could signal broader interest returning to altcoins beyond Bitcoin and Ethereum.
If XRP continues its upward trend, it may attract further institutional interest, especially as legal uncertainties become more settled.
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