XRP Market Cap Officially Surpasses $100 Billion

Key Points:

• XRP market cap surpassed $100 billion for the first time since January 2018.
• XRP’s price surged to $1.8 amid rumours of New York regulators approving RLUSD stablecoin and growing optimism around an XRP ETF launch in 2025.

XRP market cap reached over $100 billion on Friday for the first time since January 2018, according to CoinMarketCap data.

Read more: Ripple SEC Lawsuit Intensifies Again With Company Appeal 

XRP Market Cap Surpasses $100 Billion, Sets New Highs

The milestone comes amidst a stellar rally for the altcoin that saw it surge by over 250% in November alone. XRP changed hands at $1.8, up 19% in the last 24 hours, and 21.6% on the week. It has gained 202% since the turn of the year, making it the fifth-biggest cryptocurrency by market capitalization, displacing BNB.

With XRP market cap of $104.5 billion, the token now trails only Bitcoin, Ethereum, Tether, and Solana, the latter of which has a market cap of approximately $115 billion. According to the latest data from Infinite Market Cap, as XRP’s market value surpasses $100 billion and continues to hit new highs, it has surpassed traditional tech giant Intel to rank 190th in the global asset market value rankings.

Ripple Plans Regulated Stablecoin to Compete in U.S. Digital Finance Market

On Friday, XRP’s price was closer to $2, and there were rumours that New York regulators approved Ripple’s RLUSD stablecoin. Also spurring the XRP price further was a potential launch of an XRP exchange-traded fund (ETF), which is being discussed for 2025, adding even more bullish momentum with analysis indicating a very high possibility of U.S. Securities and Exchange Commission (SEC) endorsement.

Ripple has given regulated stablecoin that directly competes with some stable alternatives to XRP. The legal move sets up Ripple as a serious competitor to long-standing issues of US stablecoins, such as Tether and Circle.

After very difficult years of wrestling with the SEC, XRP warms up to institutional investors in the hope of much easier regulation, especially with the possibility of a re-election of Donald Trump.