XRP Climbs to Third in Market Cap Amid Regulatory Optimism and Market Momentum

1 min read
Source: Bitcoinist
XRP Climbs to Third in Market Cap Amid Regulatory Optimism and Market Momentum
Photo: Bitcoinist
TL;DR Summary

Ripple's XRP has surged to become the third-largest cryptocurrency by market cap, surpassing Tether (USDT), amid a broader crypto market rally. The token's price has increased by 424% in the past month, driven by positive developments in Ripple's SEC lawsuit and optimism following Donald Trump's election victory. XRP's market cap now stands at $152.2 billion, with further growth potential as Ripple seeks regulatory approval for its stablecoin. However, analysts caution that the rally may be overextended.

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