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Ripple's XRP
Ripple's XRP

Cryptocurrency

Ripple’s XRP overtakes Solana in market capitalization and surges to new heights

Ripple’s XRP coin now ranks as the fourth-largest cryptocurrency by market capitalization, surpassing Solana. Strategic alliances, product developments, and growing investor interest in Ripple’s ecosystem have generated substantial momentum, leading to this milestone.

XRP, Ripple’s native cryptocurrency, now has more market capitalization than Solana, making it the fourth-largest digital asset. This exceptional performance is due to a number of market changes that have increased investor trust and the token’s worth.

As of December 1, XRP’s market capitalization exceeded $122 billion, compared to Solana’s $111.9 billion. This milestone represents a substantial rebound for XRP, which has been on a rising trend since mid-November, reaching a seven-year high of $2.19.

A number of factors, such as significant partnerships with Ripple Labs, the potential introduction of an XRP-focused ETF, and increased use of the XRP Ledger in innovative financial products, have contributed to the rise in XRP’s value. Furthermore, talk of large investments in Ripple has sparked additional interest.

Ripple Labs has been constantly growing its ecosystem, most recently introducing a tokenized money market fund on the XRP Ledger in collaboration with Archax, a regulated crypto exchange in the UK. This effort seeks to tokenize Abrdn’s $4.77 billion US dollar liquidity fund, establishing Ripple as a market leader in blockchain-powered financial solutions.

Regulatory developments have also boosted market optimism. Several asset managers, notably 21Shares and WisdomTree, have submitted applications for XRP-based ETFs, hoping for clearance under new SEC leadership in 2025. Such achievements may pave the path for widespread investment in XRP.

Furthermore, sources suggest that Ripple may soon obtain regulatory approval for its RLUSD stablecoin, which aims to supplement XRP in its payment ecosystem. The design of this stablecoin aims to enhance RippleNet’s cross-border payment capabilities by facilitating faster and more cost-effective transactions.

XRP’s recovery demonstrates its resiliency and rising attraction to investors. Ripple’s ecosystem, with its rising market value, has the potential to shape the future of digital finance.

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polkadot
Polkadot (DOT) $ 7.53 1.38%
bitcoin
Bitcoin (BTC) $ 97,027.53 1.81%
ethereum
Ethereum (ETH) $ 3,462.67 0.79%
cardano
Cardano (ADA) $ 0.918023 0.52%
xrp
XRP (XRP) $ 2.31 0.37%
stellar
Stellar (XLM) $ 0.386553 3.05%
litecoin
Litecoin (LTC) $ 109.43 1.38%