XRP News Today: XRP Surges 17.82% Reclaims Third Spot From Tether

XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization, surpassing Tether (USDT) following a significant price surge. According to a post by crypto influencer Amelie on X, XRP’s market cap has reached $159.47 billion, with its price climbing to $2.90, representing a 17.82% gain in the past 24 hours. This milestone places XRP just behind Ethereum (ETH) and Bitcoin (BTC), sparking fresh speculation that XRP could soon challenge the top two digital assets in the global rankings.

As of the latest reports, XRP is trading at $2.90, maintaining its strongest rally in years. With a market cap now surpassing that of USDT, XRP’s resurgence is not just symbolic; it marks a critical turning point in its long journey back to prominence. For much of the past few years, XRP had trailed behind stablecoins like Tether due to prolonged regulatory pressure and stagnant price action. But that narrative is changing rapidly.

Currently, Bitcoin leads the market with a valuation of $2.34 trillion and trades at $117,808.43, while Ethereum holds second place with a market cap of $361.13 billion and a price of $2,991.65. XRP, now back in third place, is closing the gap with ETH at a pace that has surprised even seasoned analysts.

Several factors are driving this explosive move. On the technical side, XRP has broken through major resistance levels and cleared significant liquidity clusters, signaling strength not seen since its all-time high era. Analysts have pointed to bullish chart formations and increasing momentum as evidence that a broader rally is underway.

From a fundamental perspective, Ripple, the company behind XRP, has been expanding its global payments infrastructure and its stablecoin, RLUSD, further reinforcing XRP’s role in cross-border transactions. With regulatory clarity now improving and court proceedings winding down, investor confidence in XRP’s long-term viability has returned in full force.

Moreover, increased adoption, rising trading volume, and accumulation by large holders (or “whales”) have added fuel to the rally, positioning XRP as one of the top-performing assets in the current bull cycle.

Amelie’s post on X captured the bullish mood of the XRP community: “XRP surpassed Tether by market cap again! Soon, XRP will flip ETH and BTC! The real crypto king is about to take the throne!” This declaration echoes the confidence of long-term XRP holders who have endured years of legal battles and price stagnation. Now, with momentum on its side, the crypto market is beginning to take XRP seriously again.

Despite lingering skepticism in some circles, many believe that this time the rally is backed by solid fundamentals and real-world use cases, unlike previous speculative runs. XRP’s displacement of Tether is more than just a reshuffling of the top ranking; it’s a clear signal that XRP is back in the spotlight. With its price nearing $3.0 and a surging market cap, XRP is not only reclaiming its legacy but also eyeing a future where it could challenge Ethereum, and possibly even Bitcoin. As Amelie rightly declared, the “real crypto king” may indeed be ready to take the throne.