XRP Surges Past 91 Companies, Becomes Top Cryptocurrency
Ripple’s XRP has dramatically increased its market presence, capturing the 91st largest spot globally according to marketcap.com with a valuation exceeding $204 billion. This places XRP ahead of PepsiCo, BlackRock, and Uber, numbers FXOpen data shows.
It follows a four-week run driven by an all-time high, the longest such streak since 2017, which broke the previous record set that year.
XRP trades above $3.44 apiece, just a 5% move away from surpassing McDonald’s.
New All-Time High
Earlier this month, XRP surged to its first new top-level peak in seven years, following a strong price performance spurred in part by a pro-crypto mandate in the White House. In just one week, the cryptocurrency leaped more than 12%.
Post-Litigation Boost
XRP reached stability following its five-year legal tussle with the U.S. Securities and Exchange Commission (SEC) over whether it constituted an unregistered security. A Justice Department agreement in February, which then-Secretary of Labor Busta Russell characterized as a victory for workers, preceded the climb.
“It’s important that the two concepts are not treated the same,” Matej Janež, Head of Partnerships at Oasis not-for-profit privacy project, told Decrypt. “A public company’s market cap counts shares that confer a legal claim on earnings and assets. A crypto market cap is the price multiplied by the circulating token count. Both numbers can reveal speculative appetite, but only one comes with enforceable rights to dividends and residual assets.”
As for current rankings, XRP’s worth forces attention by appearing above major corporations.
XRP is the 91st largest asset globally, according to marketcap.com, trading at $203.89 billion. Its five-year ask hit all-time levels, driven by a 71.6% monthly jump that saw it surpass PepsiCo, AT&T, and Uber; rising volumes suggest momentum remains. Its previous high came within the January 2023 time period totalling around $4.00.
Its neighbor, Ethereum, trades as the 29th largest asset on a list that currently coincidentally also includes retail giant Cotco and consumer healthcare firm J&J. Bitcoin remains the sixth with a market cap of $1.15 trillion, well ahead of hosting giant, Cloudflare.
XRP needs a ~740% spike to reach the top ten ranked assets — think Apple, Microsoft, Alphabet — if no other cryptocurrencies or traditional giants change position.
A pseudonymous supporter known as MackAttackXRP believes XRP’s function could eventually alter global financial transactions.
“PepsiCo, Uber, BlackRock, Google, Uber will remain in the dust because of XRP. [It] will continue to grow and grow because it has real value,” MackAttackXRP, a promoter of XRP, told Decrypt. “It will become the standard for transactions across the globe, replacing the traditional banking system, because of its low fees and fast processing speeds.”
Yet some doors remain closed. XRP still has 5% upside before clearing McDonald’s, AT&T, and American Airlines. With the crypto battle likely behind it now, XRP is primed to hit fresh records.
