XRP’s market capitalization has surged to approximately $205 billion, exceeding the valuation of corporate giants McDonald’s and Blackstone. This milestone underscores the cryptocurrency’s accelerating prominence in global financial markets.
The digital asset recently achieved an all-time high price of $3.65, reflecting robust investor demand. XRP’s market cap growth has outpaced traditional blue-chip companies including Siemens, Caterpillar, and Uber.
This development aligns with a broader trend of digital assets gaining substantial market value, highlighted by Bitcoin recently surpassing Amazon’s market capitalization. Bitcoin’s market dominance has concurrently decreased to 61%, signaling potential early indicators of an altcoin season where alternative cryptocurrencies gain relative strength.