XRP News Today: XRP Market Cap Surpasses BlackRock Amid Regulatory Clarity and Institutional Adoption

XRP briefly surpassed the market capitalization of asset manager BlackRock Inc., reaching approximately $176 billion amid a wave of renewed enthusiasm for cryptocurrencies. This milestone, according to data from CoinMarketCap, occurred despite ongoing market volatility, with XRP’s valuation dipping to as low as $210 billion during a recent correction. The asset’s fully diluted valuation was reported at nearly $296 billion, highlighting growing institutional and retail interest in the digital token [1].

The surge in XRP’s value coincided with a sharp increase in trading activity. Over the past 24 hours, XRP recorded a trading volume of nearly $6.9 billion. CoinGlass data further showed that the Futures Open Interest for XRP had more than doubled in two months, climbing to $8.1 billion in late August from $3.87 billion in June [2]. This suggests a growing speculative and investment presence in the XRP market.

BlackRock, which has a market capitalization of approximately $187 billion, contrasts sharply with XRP in terms of trading dynamics. The asset manager reported a daily average trading volume of just 591,000 shares, underscoring XRP’s rapid movement and expanding popularity in global financial markets [3].

Several factors are driving XRP’s market breakthrough. The resolution of the long-standing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC), approved by the United States Court of Appeals of the Second Circuit, has provided much-needed regulatory clarity. This development has allowed Ripple Labs to focus on global expansion and innovation. Additionally, the Trump administration’s proposed legislation, including the GENIUS Act and Clarity Act, has signaled a pro-crypto regulatory stance in the U.S. [4].

Institutional interest in XRP has also surged. Major players such as Canary, CoinShares, Franklin, WisdomTree, Bitwise, and 21Shares have submitted revised S-1 forms to list spot XRP ETFs, indicating growing demand for regulated digital asset investment products. These developments reflect a broader trend of institutional adoption, which contrasts with the retail-driven crypto rally seen in 2017 [5].

Ripple Labs has continued to expand its global footprint. The firm is pursuing a U.S. banking charter and enhancing its presence in international markets. The introduction of Ripple USD (RLUSD) has accelerated the adoption of XRP in cross-border financial solutions, further solidifying its role in mainstream financial infrastructure.

Technically, XRP is exhibiting strong bullish signals. Analysts have noted that the asset is retesting a long-term breakout level not seen since 2018 and continues to form higher highs and lower lows. These patterns suggest continued momentum in the near term [6].

XRP’s brief market valuation surpassing that of BlackRock highlights the evolving nature of financial markets and the growing influence of digital assets. With regulatory clarity, institutional adoption, and global expansion, XRP remains a central figure in the current wave of crypto enthusiasm.

Source:

[1] CoinMarketCap

[2] Coinglass

[3] CoinMarketCap

[4] Ripple Labs and U.S. Legal Developments

[5] ETF Filings by Major Firms

[6] Technical Analysis of XRP Price Action

Source:

[1] title: XRP Surpasses BlackRock as Market Cap Soars Past $176B Amid Crypto Frenzy (url: https://coinmarketcap.com/community/articles/68ac6c388fb5ac692583fa82/)