XRP (XRP) has surged 31.5% in price since the beginning of the year, with its market capitalization surpassing that of asset manager BlackRock and reclaiming its position as the third-largest cryptocurrency.
XRP is back in the top three after upsetting Tether.
XRP continued its surge through January, reaching $2.89 for the first time since December 3, 2024, while Tether USD (USDt) became the third-largest cryptocurrency by market capitalization.
XRP market capitalization. source: CoinMarketCap
With a market cap exceeding $159 billion, XRP now lags behind Bitcoin (BTC) and Ethereum (ETH). It is now more valuable than Tether USDt, a dollar-pegged stablecoin that has fallen to fourth place with a market value of $137 billion.
Performance of the five largest cryptocurrencies by market capitalization. source: CoinMarketCap
XRP’s tremendous price performance can be attributed to the recent launch of Ripple’s stablecoin RLUSD, the possibility of a spot XRP ETF and an increase in key partnerships, including the expected resignation of the Securities and Exchange Commission (SEC), and new product development by Ripple Labs. ) Chairman Gary Gensler.
XRP’s market capitalization surpasses BlackRock.
Ripple’s XRP also achieved a historic milestone, surpassing the market capitalization of BlackRock, the world’s largest asset management company. As of January 15, BlackRock’s market capitalization was $149 billion.
Blackrock market capitalization. source: Company market total.
XRP’s market capitalization has risen 6.7% in the past 24 hours, making the cryptocurrency worth $9.46 billion more than BlackRock.
Cointelegraph reported that XRP flipped the market capitalization of entertainment giant Disney by $2 billion.
source: Cointelegraph
relevant: XRP surges 12% as whales continue ‘massive accumulation’ — Santiment
XRP gains momentum ahead of President Trump’s election.
XRP’s massive rally began after Donald Trump won the US presidential election on November 5, 2024, which fueled broader market sentiment due to expectations of the incoming administration’s pro-crypto policies.
XRP gained momentum again ahead of President Trump’s inauguration on January 20th, and continued to rise thanks to reports that the incoming president may issue a major cryptocurrency-friendly executive order on his first day back in the White House.
Adding to the tailwind for XRP, SEC Chairman Gary Gensler is expected to resign on the same day. During Gensler’s term, which began in 2021, the SEC has taken an aggressive regulatory stance against cryptocurrencies, including the Ripple case with the SEC in August 2024, in which a court found Ripple liable for $125 million.
Speculation about spot XRP exchange-traded funds (ETFs) also drove the price of XRP higher. According to banking giant JP Morgan, a spot XRP ETF could attract $4 billion to $8 billion in new assets within the first five months.
Amid these positive factors, market participants are speculating how high the XRP price could rise in 2025.
“XRP is hitting new highs with strong momentum!” BitBelleza, a pseudonymous analyst, added to his over 60,000
“Trump’s pro-crypto policies could spur more rallies. Sit back!”
XRP/USD daily chart. source: Beat Belleza
Fellow analyst Crypto Jebb has set a modest target for XRP this cycle, predicting that the altcoin will rebound to between $5.30 and $8.70 in 2025.
However, some analysts are currently predicting double-digit targets as the price of XRP approaches its all-time high of around $3.30.
This article does not contain investment advice or recommendations. All investment and trading activities involve risk and readers should conduct their own research when making any decisions.
XRP, or
XRP overturns USDT to reclaim third place
XRP continued its surge through January, reaching $2.89 for the first time since December 3, 2024, while Tether USD (USDt) became the third-largest cryptocurrency by market capitalization.
XRP market capitalization. source: CoinMarketCap
With a market cap exceeding $159 billion, XRP now lags behind Bitcoin (BTC) and Ethereum (ETH). It currently has a higher value than Tether USDt. Tether USDt, a 1:1 dollar-pegged stablecoin, fell to fourth place with a market cap of $137 billion.
Performance of the five largest cryptocurrencies by market capitalization. source: CoinMarketCap
XRP’s tremendous price performance can be attributed to the recent launch of Ripple’s stablecoin RLUSD, the possibility of an XRP ETF, an increase in key partnerships, including the expected resignation of the Securities and Exchange Commission (SEC), and new product development by Ripple Labs. Chairman Gary Gensler.
XRP market cap surpasses BlackRock.
Ripple’s XRP also achieved a historic milestone, surpassing the market capitalization of BlackRock, the world’s largest asset management company. As of Jan. 15, BlackRock had a market capitalization of $149 billion, according to data from CompaniesMarketCap.
Blackrock market capitalization. source: Company market total.
Just a day ago, XRP’s market cap was nearly $1.3 billion lower than BlackRock’s, reaching $145 billion.
However, XRP’s market capitalization rose 6.7% in the past 24 hours, making the cryptocurrency worth $9.46 billion more than BlackRock.
Cointelegraph reported that XRP has flipped entertainment giant Disney’s market capitalization by a valuation gap of about $2 billion.
source: Cointelegraph
relevant: XRP surges 12% as whales continue ‘massive accumulation’ — Santiment
XRP gains momentum ahead of Trump inauguration.
This is not the first time that XRP has reversed USDT. On December 1, XRP overtook both Solana and USDT in the market capitalization rankings. On January 3, USDT flipped again as its market capitalization soared to $138 billion.
XRP’s massive rally began after Donald Trump won the US presidential election on November 5, 2024, which fueled broader market sentiment due to expectations of the incoming administration’s pro-crypto policies.
XRP is gaining momentum again ahead of President Trump’s inauguration on January 20, boosted by reports that the incoming president could issue a major cryptocurrency-friendly executive order on his first day back in the White House.
Adding to the tailwind for XRP, SEC Chairman Gary Gensler is expected to resign on the same day. During Gensler’s term, which began in 2021, the SEC has taken an aggressive regulatory stance against cryptocurrencies, including the Ripple case with the SEC in August 2024, in which a court found Ripple liable for $125 million.
Speculation about a spot XRP exchange-traded fund (ETF) also fueled XRP’s momentum. According to banking giant JP Morgan, the XRP ETF could attract $4 billion to $8 billion in new assets within the first five months.
Amid these positive factors, market participants are speculating how high the XRP price could rise in 2025.
“XRP is hitting new highs with strong momentum!” BitBelleza, a pseudonymous analyst, added to his over 60,000
“Trump’s pro-crypto policies could spur more rallies. Sit back!”
XRP/USD daily chart. source: Beat Belleza
Fellow analyst Crypto Jebb set a moderate target for XRP this cycle and predicted that the altcoin would “rebound to between $5.30 and $8.70 in 2025.”
This article does not contain investment advice or recommendations. All investment and trading activities involve risk and readers should conduct their own research when making any decisions.