š„šRippleās (XRP) Trump Effect; $XRP XRP Overtakes Tether as the Third Largest Cryptocurrency.āØļøš„
XRP has surged past Tether (USDT) to become the third-largest cryptocurrency by market cap ($166.49B vs. USDTās $142.43B) following former President Donald Trumpās endorsement.
Trump proposed a āCrypto Strategic Reserveā including XRP, Solana (SOL), and Cardano (ADA) via a Truth Social post, aiming to position the U.S. as a crypto leader.
This spurred a market rally:
- XRP rose 32% to $2.85, ADA A jumped 62%, and SOL gained 25%.
- Bitcoin (BTC) surpassed $91k, and Ethereum (ETH) crossed $2,400.
Technical indicators (Price DAA Divergence, Chaikin Money Flow) suggest bullish momentum, with XRP potentially reaching $3.40 if it breaks the $2.95 resistance. However, profit-taking risks a drop to $2.70.
Note:
The cited market caps are speculative; real-world data (Oct 2023) shows XRP at ~$27B and Tether at $83B. Trumpās influence highlights how political narratives can drive crypto markets, though volatility and independent research remain crucial.