The market capitalization of cryptocurrency XRP has dramatically surged to $203.89 billion following a 71.6% price increase over the past month. This substantial growth positions XRP as the 91st largest asset globally, surpassing established corporate giants including PepsiCo and AT&T.
The leap in valuation is largely attributed to renewed investor confidence. This follows significant progress in resolving Ripple’s lengthy legal battle with the U.S. Securities and Exchange Commission (SEC), with only the finalization of a $125 million penalty awaiting completion.
XRP’s current market cap underscores its formidable challenge to traditional financial assets. Despite this achievement, XRP would still require a price appreciation of approximately 735% to break into the top 10 global asset rankings.
Investor sentiment surrounding the cryptocurrency remains highly positive. Advocates emphasize XRP’s underlying technology and its potential utility for disrupting established cross-border payment systems and other financial infrastructures.