XRP Overtakes USDT in Market Cap Shakeup—Third-Largest Crypto Now Eyes $5
Ripple’s XRP just pulled off a market coup, dethroning Tether’s USDT as the third-largest cryptocurrency by market capitalization. Traders are now speculating whether this momentum could propel XRP toward the elusive $5 mark—a price not seen since the 2018 frenzy.
Behind the surge: A perfect storm of regulatory clarity, institutional interest, and retail FOMO. Meanwhile, USDT’s stagnation highlights the irony of a ’stablecoin’ getting left behind in a volatile market—classic crypto theater.
Technical indicators suggest bullish momentum, but skeptics warn of overextension. Can XRP sustain this rally, or is this another case of ’buy the rumor, sell the news’? One thing’s certain: the crypto rankings just got a lot more interesting.
Source: Coingecko
The 24-hour trading volume has also reached a whopping $4.7 billion, making its price surge 3.5%. The leading altcoin has sustainably scaled up in the charts, delivering stellar profits to investors in a year. Traders who took an entry position in the altcoin in Q1 of 2024 have made more than 410% in profits. XRP is now larger than stablecoin Tether (USDT) after receiving an influx of funds from investors due to its scalability.
XRP Surpasses Tether’s USDT in Market Cap: Can Its Price Reach $5 Next?
After XRP surpassed Tether’s USDT in market cap, bulls are aiming to make the altcoin touch the $5 mark. However, the market conditions are currently favoring a bull run, but that might not last long. The US stock market surged in value for two consecutive days on Monday and Tuesday after the US-China trade deal. A total of $2.2 trillion worth of wealth was added to the markets on Tuesday’s trading session alone.
Nonetheless, the rise can be temporary as TRUMP is ready to impose tariffs after the 90-day pause haul. The move would shake up the markets again, leading to a crash and getting back to square one. Therefore, despite the recent rally, the chances of a dip remain high as uncertainty still prevails in the market. So, XRP doubling in price again and reaching $5 after beating Tether’s USDT in market cap remains slim.
