XRP rose to third place in the market cap rankings, reaching $2.48 with a 28% increase. Ripple CEO Brad Garlinghouse’s appearance on the “60 Minutes” program may have been a factor that accelerated this rise. With the latest increase, XRP’s market cap reached $139 billion, surpassing major companies such as Citigroup, Airbus, and Sony. Ripple’s chief technology officer (CTO) David Schwartz celebrated this achievement by humorously sharing that XRP’s rise to third place coincided with his 12th anniversary at the company.
XRP climbed 28% on Sunday to $2.48, reaching a multi-year high and rising to third place by market cap. This development puts XRP ahead of major rivals such as stablecoin giant Tether (USDT) and the “Ethereum killer” Solana (SOL). After the SEC’s lawsuit against Ripple, XRP once again came close to dropping out of the top 10, and with this success, it has regained a solid place in the top ranks.
However, XRP’s Ethereum (ETH)$ETH
It is thought that it has a long way to go to pass and that this development is unlikely in the short term. With a current market value of $139 billion, XRP is far behind Ethereum with a market value of $444 billion. Still, XRP's market value has left behind giant companies such as Citigroup, Airbus and Sony.
XRP has gained over 30% in the last 24 hours, and while it is drawing attention with this performance, it is not the best performing cryptocurrency. Hedera (HBAR) has made a higher gain in this area, outperforming XRP with a 42% increase. EOS (EOS) and Litecoin (LTC) are also among the other altcoins that have attracted attention with a 20.5% increase and a 20.2% increase.
In terms of weekly performance, XRP is in second place with a 69% increase, while Hedera (HBAR) is in first place with a 78% increase. A significant development may also be on the way for the token associated with Ripple. Ripple CEO Brad Garlinghouse recently gave an interview to the famous “60 Minutes” program. Garlinghouse announced that he did not share the exact date of the interview.