This article will analyze the event that XRP surpassed Solana and USDT in market cap to become the 3rd largest cryptocurrency, just below BTC and ETH. We will consider the factors contributing to the recent increase in XRP price, from activities of Ripple Labs to XRP ETF news. Then, we will evaluate the sustainability of this trend and forecast XRP’s future.
1. XRP Surpassed Solana and USDT in Market Capitalization: a Significant Milestone in the Cryptocurrency Market
On December 1, 2024, a notable event shook the cryptocurrency market: Ripple’s market capitalization surpassed both Solana and USDT.
Source: coinmarketcap.com
According to CoinMarketCap, at the time of writing, XRP has a market cap of 122 billion USD, higher than 111.9 billion USD of Solana. This rise is surprising, given Ripple’s difficult history and regulatory challe ..
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