Abs Nassif, host of the Good Morning Crypto podcast, revealed that XRP has entered the top 100 global assets by market capitalization. He attached a snapshot of the market showing XRP trading above $3 and reported a valuation of about $180 billion.
This development reflects the increasing strength of XRP in the broader market. Its entry into the top 100 global assets positions this coin alongside major corporations and commodities, showcasing its growing prominence beyond the cryptocurrency sector.
XRP Growth Catalyst Fund
XRP's entry into the global top 100 indicates both expanding valuation and its increasing relevance to investors. The rankings affirm that this digital asset continues to assert its position alongside traditional financial instruments.
Market observers have long monitored the performance of XRP as a measure of broader adoption, and this milestone proves that the asset is now competing on a much larger stage.
This growth also reflects the enduring belief in the utility and role of XRP in cross-border payments. As this token strengthens its market presence, recognition in the global asset market could open the door to deeper institutional participation.
Growth Drivers and Positive Signals
There are many factors contributing to the price change. Increasing investor demand, combined with the accumulation by 'whales', has created persistent buying pressure. However, one of the largest factors driving confidence in XRP is regulatory clarity.
For a long time, Ripple was the only alternative cryptocurrency with full regulatory clarity, and the confidence of market participants has significantly increased after the long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) was resolved.
Earlier this month, the court approved a joint settlement dismissing the appeals of both Ripple and the SEC, officially closing the dispute. The dismissal of these appeals removed a significant barrier that had created some uncertainty for XRP's future.
After the case was resolved, exchanges and institutions can now reassess their level of engagement with XRP. Gemini's recent announcement of a major service involving Mastercard using XRP indicates the market's shift towards XRP.
Outlook for XRP
After securing its position in the top 100 global assets, XRP is now on track to achieve new potential milestones. This achievement solidifies XRP's reputation in both the cryptocurrency and traditional finance spheres, and now, with the Ripple lawsuit resolved, XRP is well-positioned to continue achieving new milestones as institutional acceptance and interest continue to grow.
