XRP hits new market cap milestone, flips Tether USDT on the rankings

Key Points

1. XRP's market capitalization surged to $168.32 billion, overtaking USDT's $159.54 billion.

2. The number of wallets holding over one million XRP reached a record high of 2,743, indicating rising whale presence and long-term confidence.

3. XRP experienced a temporary decline following President Trump's announcement of a 30% tariff plan targeting the EU and Mexico.

4. Bitcoin (BTC) has been steadily rising, surpassing $119,000, but market reaction has been muted compared to previous all-time highs.

5. The upcoming U.S. Consumer Price Index (CPI) report, expected to show a 0.3% month-over-month hike, is being closely watched for its potential impact on the market.