XRP Overtakes USDT and SOL with $138B Market Cap, Price Hits $2.45

Highlights:

• XRP has outpaced Tether and Solana’s market capitalization following its 20%+ spike.
• XRP is changing hands around the $2.4 price region as its market capitalization surged to about $138 billion.
• Market experts are confident that XRP’s will hit $3 soon.

XRP has continued to prove itself a worthy competitor for one of the best performers in the crypto market’s current cycle. After surpassing Binance’s native token (BNB) market cap a few days ago, the Ripple-dedicated token is at it again with an even higher achievement.

This time, XRP has overtaken Tether (USDT) and Solana (SOL) amid an over 20% rally that saw the token surge significantly above $2. XRP’s recent feat implies that the token now ranks as the third most valuable cryptocurrency behind Bitcoin (BTC) and Ethereum (ETH).

XRP just flipped USDT & SOL in the same day pic.twitter.com/TyOnwJtFsa

— borovik (@3orovik) December 2, 2024

At the time of writing, XRP is up by about 30.3% in the past 24 hours, boasting roughly $2.45 in selling price. Within the same time interval, its minimum and maximum price levels fluctuated between $1.86 and $2.48. Meanwhile, in a weekly timeframe, XRP surged by about 69.4%, with price extremes ranging between $1.32 and $2.43.

The prices above underscore XRP’s tremendous rally in a short interval, which invariably implies tendencies for more monstrous price actions. It is worth noting that XRP’s extended-period price change data have also surged massively. For context, the token’s 14-day-to-date and month-to-date price change variables saw increments of about 115% and 377.2%, respectively.

XRP’s Market Capitalization Relative to USDT and SOL’s

Following its remarkable price actions, XRP’s market capitalization has soared tremendously, exceeding the $100 billion mark to worth approximately $138.79 billion. USDT’s market capitalization was $134.19 billion, while SOL’s reflected roughly $108.4 billion.

Unlike the stable USDT, SOL has been recording declines recently. Despite surpassing the $250 price mark in the past week and convincing enthusiasts that it is on the verge of reclaiming its peak status, the coin has since retraced. Notedly, SOL is down by about 3.5% in the past 24 hours, displaying roughly $228.13. Solana’s weekly and biweekly price change data experienced declines of approximately 9.8% and 6.1%, respectively.

XRP’s Recent Rally Implications

Looking ahead, one could assert that XRP does not seem likely to end its current form anytime soon. The token never ceased to amaze doubters who seemed convinced that XRP’s bullish upswing would terminate shortly. With the way XRP has exponentially appreciated, chances abound that it will reclaim its $3.40 all-time high soon. If it attains such a feat, it will undoubtedly establish a new price peak, underscoring tendencies of massive profits for patient investors.

If XRP hits $3 in next 3 days, I will give
$3,000 XRP to 10 people who like this
post and are following me.

Lets go ! Send it higher 🚀 pic.twitter.com/GWBHxRJDdU

— Ash Crypto (@Ashcryptoreal) December 1, 2024

Subscribing to the above assertion, Edo Farina, the Chief Executive Officer (CEO) at Alpha Lions Academy, claimed via one of his numerous tweets that XRP would hit $3 tomorrow. The CEO has remained highly bullish on XRP, evidenced by his tweets about the token. In a different tweet, he asserted that holding 100 XRP will qualify as an enviable flex in the future.

$3 tomorrow confirmed

— EDO FARINA 🅧 XRP (@edward_farina) December 2, 2024

In another tweet dated November 29, Farina claimed that accumulating XRP now mirrored buying BTC when it was below $100. Aside from its impressive price movements, Ripple has also achieved commendable feats in its expansion goals. In one of its old publications, Crypto2Community reported that XRP’s parent company is on the verge of receiving approval for its dollar-backed stablecoin, RLUSD, from New York’s Department of Financial Services (NYDFS).

According to the report, Ripple will launch the stablecoin on December 4. The cross-border payment firm also revealed that the RLUSD would complement XRP, allaying enthusiasts’ fears about potentially focusing on the stablecoin while neglecting XRP.

🚨 BREAKING $NEWS: @RIPPLE ON TRACK FOR NEW YORK APPROVAL OF STABLECOIN $RLUSD, TARGETING DECEMBER 4TH LAUNCH pic.twitter.com/GbZrGCMnaa

— blockchaindaily.news (@blckchaindaily) November 29, 2024