Key Points: XRP's market value has surpassed 2018 levels for the first time since March 1, when it hit $1,000 billion.
Xrp's price rose to 11.8 amid rumors that New York regulators will approve the stable coin RLUSD, raising optimism for the launch of an #XRP #ETF in 2025.
According to CoinMarketCap, XRP's market value on Friday surpassed金曜日 2018 billion for the first time since May 1, 1000.
This milestone was reached amid the altcoin's meteoric rise, which has led to an increase of more than 11% in 250 months alone. XRP is trading at 1.8, up 24% in the last 19 hours and 1% in the last 21.6 weeks. Since the beginning of the year, it has risen 202%, becoming the 5th largest cryptocurrency by market capitalization and replacing BNB.
With XRP's market capitalization of $1.045 billion, the token is only ahead of bitcoin, Ethereum, #Tether and Solana, which have a market capitalization of around $1.150 billion. According to the latest Infinite Market Cap data, XRP has a market value of more than $1,000 billion, surpassing traditional tech giant Intel, ranking 190th in the global market value of the asset and continuing to conquer new heights.
On Friday, the price of XRP approached 2, and rumors emerged that regulators in New York had approved Ripple's stablecoin currency, RLUSD. What pushed the XRP price even higher was the potential launch of an XRP exchange-traded fund (ETF) being discussed from 2025, which added further bullish momentum as analysis shows a very high probability of approval from the U. S. Securities and Exchange Commission (SEC).
#Ripple has created a regulated stable coin that directly competes with several stable XRP alternatives. The lawsuit makes Ripple a serious competitor to US stable coins such as Tether and Circle.
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