XRP Shakes up Crypto Rankings: Third-Largest Market Cap Reclaimed

CN
3 days ago

As of Friday, Jan. 3, 2025, XRP has climbed back to third place in valuation, trailing only bitcoin (BTC) and ethereum (ETH). At 11 a.m. Eastern Time, XRP was trading at $2.46, reflecting a 1.5% increase against the U.S. dollar. Its market capitalization reached $141.06 billion, surpassing USDT’s $137.08 billion.

XRP Shakes up Crypto Rankings: Third-Largest Market Cap Reclaimed

On Dec. 16, 2024, USDT’s market cap exceeded $140 billion, but it has since contracted by nearly $3 billion. Unlike stablecoins, XRP’s valuation is driven by its performance against the U.S. dollar, with a 13.1% rise over two weeks and a 390% gain over the last 90 days. It currently ranks sixth in global trading volume, with $6.08 billion in trades.

Heading into the weekend, XRP’s primary trading pair is USDT, followed by the South Korean won (KRW), U.S. dollar (USD), usd coin (USDC), and first digital usd (FDUSD). Over the past day, XRP’s ascent led to $1.78 million in liquidations in derivatives markets. In a significant start to the year, Ripple moved 1 billion XRP from an escrow account into its wallets, drawing widespread attention to the asset.

XRP Shakes up Crypto Rankings: Third-Largest Market Cap Reclaimed

Transfers on Jan. 1, 2025.

Since 2025 commenced, XRP has appreciated by over 17% relative to the U.S. dollar, cementing its formidable initiation into the new year. XRP’s vibrant revival illustrates the fluidity of market dynamics and investor confidence, spotlighting its capacity to flourish within the shifting paradigms of finance. As we progress through 2025, the cryptocurrency’s path could influence wider dialogues concerning market fluctuations, wealth generation, and the intricate dance between digital currencies and stablecoins.

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