Ripple’s XRP Reaches $2, Flipping USDT and
SOL in Market
Cap
The crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта is abuzz after witnessing a seismic shift. XRP, the powering
token for the Ripple ecosystem, surged past the $2 mark, cementing its
position as the third-largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта by market capitalization.
With its market cap now exceeding $135.37 billion, XRP overtook both USDT
stablecoin ($134.17 billion) and Solana ($108.01 billion). This has ignited
fresh debates about its potential to challenge Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s dominance.
XRP Ascends to Crypto Top 3, Beats USDT, SOL
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XRP traded at $2.37 at the time of writing, a staggering 25.57% rise since the
Monday session opened. XRP Price Performance. Source: BeInCrypto
Crypto enthusiasts speculate that its upward trajectory could eventually see
it rival Ethereum ( ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ), currently valued at $441.46 billion. Crypto
enthusiast Amelie highlighted a recent meeting between Cardano founder Charles
Hoskinson and Ripple CEO Brad Garlinghouse.
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Rumors have also surfaced about Garlinghouse being a candidate for Donald
Trump’s potential crypto czar . Such a move could further elevate XRP s
status, especially with Trump s reported pro-crypto stance.
Meanwhile, XRP’s resurgence coincides with renewed focus on Ripple’s
high-profile legal battle with the US SEC. The case, which began in December
2020, has seen XRP weather significant market fluctuations and regulatory
uncertainty.
Ripple vs. SEC Case Amid Potential Shifts in US Crypto Regulation
XRP has regained its pre-lawsuit valuation, reminiscent of the time before the
SEC deemed Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum non-securities in 2018 before the Hinman
speech in June that year under the “sufficiently decentralized” argument.
Following the speech, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s market cap overtook XRP’s in November 2018.
The so-called “Hinman emails,” obtained through discovery in the Ripple case,
showed some officials inside the SEC at odds with the speech’s content.
Specifically, they were worried about its implications for the regulatory
status of other cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, which remains unclear. Despite these
revelations, XRP’s regulatory status remains unresolved, with legal experts
predicting the case could extend into July 2025 .
Attorney John Deaton, a vocal advocate for Ripple and XRP investors, has vowed
to continue supporting the case , even after his failed Senate bid. His
persistence reflects the case s importance to the broader crypto
industry.
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Meanwhile, the SEC s aggressive stance on crypto under Chair Gary
Gensler has drawn widespread criticism, with calls for regulatory clarity
growing louder. Gensler’s anticipated resignation could mark a turning point.
Observers suggest that his departure might pave the way for a more
crypto-friendly regulatory environment , particularly in the advent of a
pro-crypto administration.
The general sentiment is that Trump’s incumbent administration could usher in
policies favorable to cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. Under such an administration,
Ripple s legal standing might improve, potentially ending years of
regulatory uncertainty.
Nevertheless, despite the recent gains, analysts warn of potential
profit-taking among XRP whales amid significant spikes in whale-to-exchange
transactions.
Historically, significant spikes in whale-to-exchange transactions
(marked by red circles) align closely with XRP price peaks. This suggests that
whales tend to move large amounts of XRP to exchanges to sell near local or
cycle tops. The latest spike in whale-to-exchange activity coincides with XRP
reaching a local price of around $2.3. This could indicate whales preparing
for potential profit-taking or increased market activity, a CryptoQuant
analyst wrote .
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