According to Abs Nassif, host of the Good Morning Crypto podcast, XRP has officially entered the top 100 global assets by market capitalization. A recent market snapshot shows this token trading above $3 with a valuation of approximately $180 billion.
This milestone positions XRP alongside major global corporations and commodities, marking a significant step forward in increasing its market influence. This achievement comes after years of instability related to the legal status of this currency.
The Impact of the SEC Settlement
The prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has severely impacted XRP's market outlook. This month, both parties agreed to withdraw their appeals, ending a lawsuit that left investors in a stalemate.
Following this incident, XRP has achieved one of the few transparent regulatory positions among digital assets. This outcome has bolstered investor confidence and prompted institutions to reconsider their involvement with this token.
Market Overview and Price Performance
Current market data shows XRP trading at $3.01, with a market capitalization of $179.16 billion. The estimated fully diluted valuation (FDV) is $301.21 billion, and the total circulating supply is $59.48 billion.
In the past 24 hours, trading volume reached $3.6 billion, down 64% from the previous day. However, despite this decline, XRP surpassed $3.08 in daily trading and then stabilized around $3.01. Its ranking remains steady in the top 100 global assets.
Increasing Market Support and Momentum
Market observers note that new demand and accumulation by large holders have reinforced the pricing of XRP. This token also plays a crucial role in cross-border payment solutions, further solidifying its utility as a digital asset.
Financial institutions and exchanges are responding to a better environment. Gemini recently launched a Mastercard service using XRP, signaling a broader adoption trend among institutions.
A New Phase for XRP
Surpassing the $180 billion valuation not only places XRP among the top global assets but also signifies the increasing importance of digital assets in traditional markets. Investors have now recognized that XRP is competing on a larger platform than ever before.
This milestone further reinforces XRP's credibility in the financial world and paves the way for broader usage as institutional interest grows. XRP's entry into the top 100 global assets signals a turning point after years of facing legal and market challenges. With regulatory transparency secured and momentum from institutions strengthening, this token is well-positioned for continued growth.
