Yes, it's official—$XRP has surpassed Tether (USDT) to become the third-largest cryptocurrency by market capitalization, trailing only Bitcoin ($BTC ) and Ethereum ($ETH ).
As of early January 2025, XRP's market cap surged past $138 billion, overtaking $'s declining valuation am$id regulatory pressures in the European Union .
🔍 What's Driving XRP's Surge?
Several factors have contributed to XRP's ascent:
Regulatory Developments: The European Union's Markets in Crypto-Assets (MiCA) regulation has imposed stricter rules on stablecoin issuers, leading to a decline in USDT's market share .
Political Climate: The election of President Donald Trump in November 2024 boosted market sentiment, with expectations of pro-crypto policies under the new administration .
XRP ETF Speculation: Anticipation around a spot XRP exchange-traded fund (ETF) has further fueled XRP's momentum .
Ripple's Stablecoin Launch: Ripple Labs introduced Ripple USD (RLUSD), a US dollar-backed stablecoin, in December 2024, aiming to enhance cross-border transactions .
These developments have collectively propelled XRP's market capitalization, enabling it to reclaim its position as the third-largest cryptocurrency.
For real-time updates, you can monitor XRP's market performance on platforms like CoinMarket
$Cap or CoinGecko.
