The cryptocurrency market is heating up, and there’s growing talk about whether XRP could surpass Tether (USDT) to become the third-biggest coin. Let’s break down what’s happening and why this might actually be possible.
Right now, XRP is trading at $2.12, with a total market cap of $123.12 billion and a 24-hour trading volume of $9.07 billion, which has climbed 17.13%. Tether, sitting at $0.9999, has a market cap of $142.98 billion and a 24-hour trading volume of $116.96 billion, up 32.17%.
For XRP to jump ahead, its price would need to rise by roughly 18%. That’s a notable increase, but some real factors could make it happen:
Factors behind price surge
- The SEC Case Reaching an End: Ripple has been stuck in a legal tug-of-war with the U.S. SEC for years, and it’s held XRP back. If Ripple wins or settles this once and for all, investors might rush in, driving the price way up.
- Tether’s Hold Slipping: Tether used to rule the stablecoin world, but its dominance is shrinking. People are switching to USDC, and Binance is even dropping USDT pairs in parts of Europe. If Tether keeps losing steam, XRP could slip into its spot.
- Trump’s XRP Mention: On March 2, Donald Trump surprised everyone by suggesting XRP could be part of a U.S. crypto reserve. That comment alone sparked a price jump. If he keeps talking up crypto, XRP might benefit big time.
- Ripple Gaining Political Clout: Trump recently hosted a crypto summit and invited Ripple’s CEO. Could this mean Ripple’s getting cozy with policymakers? Any hint of support or new deals could lift XRP higher.
- More Eyes on XRP: Lately, influential voices in crypto have been name-dropping XRP and showing it some love. The more it’s talked about, the more people might want to buy in.
- Institutional Interest and ETF Approvals: There’s chatter that banks like Bank of America might be quietly using XRP, and Wells Fargo could be testing it for loans—though no one’s confirmed it yet. Even rumors can spark excitement. On top of that, Brazil just approved the first-ever spot XRP ETF. If other countries follow suit, XRP could see a flood of new interest and investment.
XRP recently passed Binance Coin (BNB) in market cap, so now everyone’s wondering: Can it keep climbing and push Tether aside? The crypto market loves a twist, and this one’s definitely in play.
Also Read: Patrick Bet-David Owns XRP but Keeps Bitcoin on Top
