XRP rises above $3 for the first time since 2018
It could be a major shift in crypto space.
After a long overhaul with the U.S. Securities and Exchange Commission (SEC) over XRP token sales and finally winning, XRP has reclaimed its third position for the first time since 2018 – becoming the largest cryptocurrency by market cap after Bitcoin and Ethereum.
Over the past two weeks, the token has risen 41%, flipping the Tether USD stablecoin’s $130 billion market cap – a massive leap despite the recent market downturn. But this sudden price surge has left many crypto enthusiasts wondering – why now?
Unlike previous crypto bull runs, which were largely fueled by leveraged positions, recent reports, and data show XRP’s price action is being driven by spot hodlers (investors) who have been accumulating XRP in anticipation of regulatory clarity and broader adoption.
Adding to the mix is the timely coincidence of President Donald Trump’s approaching inauguration and the resignation of current SEC Chair Gary Gensler – two major shifts that could reshape the regulatory landscape for crypto.
Sitting at a $170 billion market cap, XRP has now surpassed asset management giant BlackRock’s Bitcoin ETF, proving just how much confidence investors are putting into the token’s future.
While it’s still uncertain how long this rally will last, one thing is clear – XRP is back in the game, and its resurgence is setting the stage for what could be a major shift in crypto space.
