XRP News Today: XRP Surpasses Uber in Market Cap After Legal Developments

XRP has made a significant leap in market capitalization, surpassing the valuation of Uber, a global transportation giant, as of August 7, 2025. The cryptocurrency's market cap reached $196.6 billion, slightly edging out Uber’s $193.7 billion valuation [1]. This milestone is a testament to XRP’s recent performance and marks a key turning point in its journey toward a $200 billion valuation.

The surge was driven by a major development in the legal landscape: Ripple and the U.S. Securities and Exchange Commission (SEC) jointly filed to dismiss their appeals in the XRP lawsuit in the Second Circuit [2]. This move signaled a potential resolution to a protracted legal battle that had cast a shadow over XRP’s market prospects. In the wake of the filing, XRP’s price climbed from $2.99 to $3.38, an intraday increase of 13%, propelling its market capitalization beyond several major global firms [1].

Before this legal filing, XRP ranked at 94th in the global asset rankings with a market cap of approximately $184 billion. It now sits at 87th, having overtaken firms like Uber, PepsiCo, Commonwealth Bank, and HDFC Bank [1]. XRP’s price has climbed 12.23% over the past 24 hours, with trading volume surging 173.16% to $11.49 billion [1].

The cryptocurrency is now within $3 billion of surpassing other large firms such as Shopify, AT&T, and Merck. While it briefly surpassed $215 billion in July, it retreated below the $200 billion threshold following the release of a new tariff plan by former U.S. President Donald Trump. The recent rally, however, has reignited hopes that XRP may reclaim and surpass the $200 billion mark in the near future.

Despite these gains, XRP remains the third-largest cryptocurrency by market cap, trailing behind Bitcoin ($2.32 trillion) and Ethereum ($472 billion) [1]. This positions XRP as a strong contender in the digital asset space, but it also underscores the significant distance it must still cover to challenge the market leaders.

Ripple has also taken strategic steps to strengthen its presence in the global financial infrastructure. The company recently acquired Rail for $200 million, gaining access to 10% of global stablecoin payment flows [3]. This move aligns with Ripple’s broader strategy to leverage the XRP Ledger for scalable, efficient cross-border payments.

Market observers, including Nate Geraci of NovaDius Wealth Management, suggest that institutional interest in XRP is growing. Geraci recently noted that BlackRock is expected to file for a spot XRP ETF, which would mark a major step forward in XRP’s institutional adoption [4]. While such a filing has not yet occurred, it highlights the asset’s increasing recognition in traditional financial circles.

The rise of XRP underscores a broader shift in how digital assets are being evaluated alongside traditional investments. The fact that a cryptocurrency can outpace a well-established multinational corporation in market valuation highlights the evolving dynamics of the global financial system. However, it is crucial to distinguish between current performance and speculative forecasts. Analysts' projections, including those regarding XRP reaching $200 billion, are based on market trends and not yet confirmed outcomes [1].

As XRP moves closer to its $200 billion target, its trajectory will depend on regulatory clarity, continued institutional adoption, and broader macroeconomic conditions. The next phase for XRP will likely be defined by further legal resolutions, technological advancements, and investor sentiment.

Source: [1] XRP Overtakes Uber in Market Cap, Sets Sights on $200B Valuation (https://thecryptobasic.com/2025/08/08/xrp-overtakes-uber-in-market-cap-sets-sights-on-200b-valuation/)

[2] Ripple CLO Says It’s the End as Ripple and SEC Jointly File to Dismiss Appeal in XRP Lawsuit (https://thecryptobasic.com/2025/08/08/ripple-clo-says-its-the-end-as-ripple-and-sec-jointly-file-to-dismiss-appeal-in-xrp-lawsuit/)

[3] Ripple Acquires Rail for $200M, Gaining 10% of Global Stablecoin Payment Flow (https://thecryptobasic.com/2025/08/07/ripple-acquires-rail-for-200m-gaining-10-of-global-stablecoin-payment-flow/)

[4] Wealth Manager Says BlackRock Will File for Spot XRP ETF, Says It’s Just Running Late (https://thecryptobasic.com/2025/08/07/wealth-manager-says-blackrock-will-file-for-spot-xrp-etf-says-its-just-running-late/)