XRP Flips Tether USDT, Overtakes for Third Spot in Crypto Rankings Amid Growing Investor Confidence and Whale Accumulation

XRP has surpassed Tether USDT in market capitalization, reaching $168.32 billion, despite its price yet to test long-term resistance at $2.90. The number of wallets holding over one million XRP has hit a record high, indicating growing whale presence and accumulation. The larger crypto market has rebounded, posting a 1.16% hike in global market cap. Bitcoin has been moving steadily upwards, but the market response has been surprisingly calm. With macroeconomic factors like U.S. CPI data and declining policy uncertainty in play, the crypto market stands at a pivotal point that could define the next wave of momentum.

XRP has experienced a significant surge in market capitalization, surpassing Tether USDT and reaching $168.32 billion. This milestone comes despite the cryptocurrency's price yet to test long-term resistance at $2.90. The number of wallets holding over one million XRP has reached a record high, indicating growing whale presence and accumulation [3].

The broader crypto market has rebounded, posting a 1.16% hike in global market cap. Bitcoin has been moving steadily upwards, but the market response has been surprisingly calm. Macroeconomic factors such as U.S. CPI data and declining policy uncertainty are playing a pivotal role in the crypto market's current trajectory [4].

Institutional interest in XRP has been a significant driver of its recent performance. The number of wallets holding at least one million XRP has increased to 2,743, controlling 47.32 billion tokens [3]. This whale accumulation coincides with a 26% weekly price increase and a surge in short liquidations, totaling over $31 million wiped out [3].

The recent activity on Upbit, South Korea’s largest crypto exchange by volume, has also contributed to XRP's surge. XRP saw $2.39 billion worth of net inflows within an hour on July 11, setting a new record for the cryptocurrency [1]. The exchange also experienced a whopping $9.11 billion in XRP volume over an hour, highlighting the increased institutional activity in the XRP market [1].

Tether, the issuer of USDT, has announced that it will end support for its stablecoin on five blockchains, including Bitcoin Cash, Algorand, and EOS, effective September 1 [2]. This move reflects Tether's efforts to optimize its infrastructure and align with community usage trends, focusing on high-utility, actively developed blockchains.

The cryptocurrency market stands at a pivotal point, with XRP's recent performance signaling a potential wave of momentum. As institutional confidence and whale support continue to build, the path toward and above the $3 level appears open. The market's response to macroeconomic factors and Bitcoin's steady upward movement will be crucial in defining the next wave of crypto market dynamics.

References:
[1] https://thecryptobasic.com/2025/07/12/xrp-had-never-seen-a-1b-net-inflow-in-1-hour-until-now-pundit-reveals/?utm_campaign=xrp-had-never-seen-a-1b-net-inflow-in-1-hour-until-now-pundit-reveals&utm_medium=rss&utm_source=rss
[2] https://decrypt.co/329857/tether-to-end-usdt-redemptions-on-bitcoin-cash-algorand-and-beyond
[3] https://www.fingerlakes1.com/2025/07/13/xrp-price-3-whale-buy-4549387292/
[4] https://en.coinotag.com/xrp-approaches-eight-week-high-amid-institutional-accumulation-and-market-optimism/