XRP Shakes Up the Cryptocurrency Rankings: Ranks as the Third Largest Market Cap

Digital asset XRP has regained its position as the third largest cryptocurrency by market capitalization, replacing the stablecoin tether (USDT). XRP surpasses USDT market cap in early 2025 price surge As of Friday, January 3, 2025, XRP has climbed to the third position in terms of valuation, just behind bitcoin (BTC) and ethereum (ETH). At 11:00 AM EST, XRP was trading at $2.46, reflecting a 1.5% increase against the US dollar. Its market capitalization reached $141.06 billion, surpassing the $137.08 billion of USDT.

On December 16, 2024, the market capitalization of USDT exceeded $140 billion, but has since decreased by nearly $3 billion. Unlike stablecoins, the valuation of XRP is driven by its performance against the US dollar, with a 13.1% increase over the past two weeks and a 390% increase over the past 90 days. Currently, it ranks sixth in global trading volume, with $6.08 billion in transactions. Over the weekend, XRP's main trading pair is USDT, followed by the South Korean won (KRW), US dollar (USD), USDC, and the first digital US dollar (FDUSD). Over the past day, XRP's price increase has led to $1.78 million liquidated in the derivatives market. In a significant start to the year, Ripple has transferred 1 billion XRP from an escrow account to its wallet, attracting widespread attention to this asset.

Since the beginning of 2025, XRP has risen more than 17% against the US dollar, solidifying its strong start to the new year. The strong resurgence of XRP illustrates the market's momentum and investor confidence, highlighting its potential for strong growth in changing financial models. As we move towards 2025, the path of cryptocurrencies may affect broader conversations around market volatility, creating wealth and complex dance moves between digital currency and stablecoins.

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