XRP’s ascent to becoming the third-largest cryptocurrency has coincided with David Schwartz, Ripple’s CTO, celebrating 12 years at the company. The recent rally of XRP has been remarkable, with its price surging over 28% on Sunday to reach $2.48, a multi-year high
Read Also: Dogecoin (DOGE) Price Target Predicted by Veteran Trader Peter Brandt
Ripple and XRP Surpass Major Competitors
The XRP token has reclaimed its position as the third-largest cryptocurrency by market capitalization, overtaking Tether (USDT) and Solana (SOL). This comeback follows a period where XRP came close to falling out of the top 10 due to the ongoing SEC lawsuit against Ripple.
Despite the impressive rally, XRP remains far behind Ethereum (ETH), which holds a market cap of $444 billion compared to XRP’s $139 billion. However, XRP’s current market cap places it ahead of major companies such as Citigroup, Airbus, and Sony.
Other Cryptocurrencies Outpace Ripple and XRP in Performance
Although XRP surged by over 30% in 24 hours, it has not been the best-performing cryptocurrency in the top 100. Hedera (HBAR) has outperformed XRP with a 42% gain within the same period. Additionally, other altcoins like EOS and Litecoin have experienced notable increases of 20.5% and 20.2%, respectively.
In terms of weekly gains, XRP recorded a 69% increase, trailing behind HBAR’s 78% gain. Despite these figures, XRP remains a significant player with a strong catalyst on the horizon.
Ripple CEO Teases Major Media Appearance
Brad Garlinghouse, Ripple’s CEO, recently recorded an interview with “60 Minutes,” one of the most renowned TV programs in the United States. While no official air date has been announced, this appearance is expected to bring further attention to Ripple and XRP, potentially influencing market sentiment.
With its recent performance and upcoming developments, Ripple and XRP continue to capture the spotlight in the cryptocurrency market.
