XRP Surpasses Uber’s Market Cap and Targets $200B Valuation After SEC-Ripple Breakthrough

XRP has reached a new milestone by overtaking Uber in market capitalization, cementing its position among the world’s most valuable assets. Data from CoinGecko revealed that XRP’s market value hit $196.6 billion, surpassing Uber’s $193.7 billion valuation.

The achievement comes on the heels of a sharp price rally triggered by the SEC and Ripple’s joint motion to dismiss their appeals. This legal development ignited fresh bullish momentum for XRP, sending its price from $2.99 to $3.38 in a single day an impressive 13% intraday jump.

XRP Climbs Global Asset Rankings

Before this rally, XRP’s market cap hovered around $184 billion, ranking it as the 94th largest global asset, trailing companies like Uber, PepsiCo, Commonwealth Bank, and HDFC Bank. The latest surge has propelled XRP to the 87th spot, surpassing these firms in valuation.

At press time, XRP trades at $3.31, giving it a $198.1 billion market cap. Over the past 24 hours, its price has risen 9.39%, while trading volume has soared 176.4% to $11.85 billion.

In comparison, Uber’s stock currently trades at $92.67, valuing the company at $193.78 billion. PepsiCo sits at $197.03 billion, HDFC Bank at $193.69 billion, and Commonwealth Bank at $192.57 billion.

XRP Inches Closer to $200B Milestone

XRP is now less than $3 billion away from overtaking other corporate heavyweights, including Shopify, AT&T, and Merck. In July’s broader crypto bull market, XRP surged past most of these firms, and Uber, when its market cap topped $215 billion.

However, the token slipped below the $200B threshold after former President Trump unveiled new tariff plans. The latest legal breakthrough has reignited buying pressure, with XRP once again closing in on the key milestone.

XRP Holds Strong in Crypto Rankings

Despite flipping major traditional companies, XRP remains the third-largest cryptocurrency by market cap, behind Ethereum at $472 billion and Bitcoin at $2.32 trillion.

With institutional sentiment improving after the lawsuit’s conclusion and trading activity hitting multi-month highs, market watchers believe XRP’s $200B target could soon be achieved, potentially setting the stage for another push higher in the global asset rankings.

Olasunkanmi Abudu

Olasunkanmi Abudu is a Web3 content writer with over five years of experience covering blockchain, decentralized finance, and digital assets. He specializes in producing well-researched and accessible content that explains complex technologies and market trends to both general readers and industry professionals.

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