XRP is in the race to claim the third spot by market capitalization. With a +360% increase in thirty days, Ripple's token challenges USDT.
XRP's RECORD-BREAKING Climb
November has ended, but Ripple's rally hasn't stopped. After a record performance with a 284% monthly increase, December opens with another upward push for XRP.
Over the weekend, XRP decisively broke through the psychological $2 barrier, reaching a peak of $2.5, up 25%. This surge temporarily altered the market cap rankings, as XRP not only overtook SOLANA but also surpassed USDT, the leading stablecoin in the market.
Currently, after a slight correction, XRP's market capitalization stands at $130 billion, locked in a billion-dollar battle with USDT, which has reclaimed its third position.
Legislation, AltSeason, and New Spot ETFs
The upcoming inauguration of Donald Trump at the White House, scheduled for January 20, along with Gary Gensler’s resignation as SEC Chairman, are two key bureaucratic factors fueling optimism. Simultaneously, the ongoing SEC vs. Ripple lawsuit is nearing its conclusion, marking a positive turning point for XRP’s future.
Meanwhile, the migration of liquidity from Bitcoin to Altcoins has provided significant support to the sector's overall growth, with XRP benefiting the most. Ripple is also on the verge of launching its own stablecoin, RLUSD, set to debut on Wednesday, December 4.
Finally, one of the main drivers anticipated for 2025 is the introduction of spot ETFs for individual Altcoins. At the time of writing, WisdomTree, managing over $100 billion in assets, has officially filed for the approval of its XRP spot ETF.
XRP's growth is further supported by trading volumes. In the past 24 hours, XRP recorded $37.5 billion in trades, slightly behind Ethereum’s $39 billion.
The price is now racing toward its ATH, set in January 2017, at $3.3.
By Gue22 🚀 ⚡ 🔥
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